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Abstract
The trend towards securities market globalization is
clear with issuers and investors demanding global options
for raising and investing funds. Easier and faster access
to information and trading platforms due to the advances
in technology have added to the trading volumes by facilitating
the trading of securities across time zones and continents.
Though cross border trading volumes are on the increase,
the barriers and challenges are many ranging from high
costs and multi channel trade processing to local regulatory
and legal procedures. The securities industry has been
focusing on the development of efficient and consistent
infrastructures for the regulation, trading, and processing
of cross border trades.
The three major trends led by the popularity of cross
border trading can be narrowed down to the consolidation
of exchanges beyond national boundaries, global straight
through processing and integrated central counterparty.
Of these the most promising is the international co-operation
on exploring the possibility and clearing the way for
creating a single central counterparty. This white paper
explains the cross border trading environment, challenges,
initiatives taken by market participants to facilitate
it, the institutions involved, and the related technological
developments.
Author
Anu Beri
To know more about Wipro in finance, go to www.wipro.com/finance
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