DTCC Connection

Oct 11, 2016 • DTCC Connection

Disruptive Technologies and the Future of the Post-Trade Space

By Joseph King

Disruptive Technologies and the Future of the Post-Trade SpaceIndustry thought leaders, technology experts and policy makers will meet in London at the Disruptive Technologies Forum 2016.

Disruptive technologies are reforming the financial services industry with tremendous potential to modernize mainframe technology to address long-standing operational challenges that are impacting legacy infrastructure systems. However, while the technology has captured the imagination of the industry, much discussion needs to occur to address key challenges before it can be widely adopted or considered enterprise-ready. To that end, The Depository Trust & Clearing Corporation (DTCC) and The Centre for the Study of Financial Innovation (CSFI) will co-host the Disruptive Technologies Forum 2016 on Tuesday, November 29 in London.

The event brings together policy makers and leaders from the financial services and technology industries for a full-day of discussions around cloud computing, blockchain and new cyber strategies. Panelists will discuss the impact of disruptive technologies on regulatory and policy objectives and discuss collaborative innovations that are helping to move blockchain out from proof-of-concept into production systems.

Panel #1: Navigating the Next Wave of Reinvention in Post-Trade

In the first session of the day, Rob Palatnick, DTCC Managing Director, Chief Technology Architect, and fellow panelists will discuss how businesses are leveraging new platforms to deliver innovation in the face of digital disruption.

“In today’s model, a trade goes through layers of its own technology and translation before being sent to DTCC where we do the same thing and send it back,” Palatnick explained. “If we can use a common database with common rules, schema and business logic, then we can eliminate layers of translation and code, which will greatly simplify the process for all parties involved.”

Joining Palatnick on the panel will be: Justin Chapman, Global Head of Market Advocacy & Innovation, Northern Trust, Simon Taylor, Co-Founder & Blockchain Director, 11:FS, and Jenny Knott, CEO, Post Trade Risk and Information, ICAP. The panel will be moderated by Andrew Hilton, Director and Joint Founder, CFSI.

Panel #2: Implementing Blockchain – From Proof of Concept to Production

The frenzy around blockchain and distributed ledgers is unprecedented. Is it a disruptive force on the verge of replacing legacy infrastructures or will the technology produce only marginal impacts in the short-term? Panelists will move past the hype around blockchain technology and discuss collaborative innovations and how to get sandbox proof-of-concepts and experiments into production systems.

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Panelists include Jennifer Peve, DTCC Executive Director, Office of FinTech Strategy, Richard Gendal Brown, Chief Technology Officer, R3, and Thorsten Peisl, CEO, RISE Financial Technologies.

Panel #3: Disruptive Innovation in Post-trade and its Impact on Regulatory & Policy Objectives

Lawmakers and regulators globally are examining fintech more thoughtfully than they ever have before. For example, The Office of the Comptroller of the Currency (OCC) recently published a white paper calling for “responsible innovation” in the banking sector. The Bank of England also produced a paper, promoting the possibility of digital fiat currency, and the European Securities and Markets Authority (ESMA) released a discussion paper concerning the impact of distributed ledger technology on the securities markets. Collaboration with the industry, regulators and lawmakers around fintech and blockchain strategies will be important to any future re-architecting of the post-trade environment.

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Andrew Douglas, DTCC Managing Director, Government Relations & CEO of DTCC’s European Trade Repository, will moderate the discussion on emerging global risks flowing from disruptive technology and how regulators are responding. Joining Douglas in the discussion will be Klaus Loeber, Senior Advisor, European Central Bank, Dirk Schrade, Deputy Head of Department Payments & Settlement Systems, Deutsche Bundesbank, and David Lawton.

Building Bridges with Blockchain Technology

In her fireside chat with DTCC’s Bodson at the DTCC Blockchain Symposium in March, Blythe Masters, CEO, Digital Asset Holdings, explained that building bridges between the emerging technology and the existing financial marketplace infrastructure is critical to avoiding fragmentation of markets and even more complexity. The conference culminates with Masters and Bodson discussing the advent of blockchain technology and its impact on the future of the financial industry.

To learn more about the event and register go to: http://www.dtcc.com/events/disruptive-technologies-forum-2016

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