Our Markets  |  Sell Side  |  Exchanges & Clearing

One of the biggest areas of investment in technology over recent years has been the domain of Exchanges and electronic trading. This has partly been driven by some of the significant consolidation of this industry and a drive to greater efficiencies, but it has also been underlined by a continual move towards genuinely global trading platforms and breaking down International and time zone barriers.

Alongside this, Exchanges have been improving their technology platforms in order to appeal to high frequency and automated trading businesses, making substantial upgrades to data centres and other hardware to maximize the speed of trading.  Cornwallis Elt has recognised these factors by building a strong client base and network of candidates that operate within the Exchange and Connectivity space, both working directly for Exchanges but also with the Banks and Broker Dealers interfacing to them.  In particular we have developed candidate Silos covering experience within:

  • Electronic Communication Networks (ECNs)
  • Exchange Traded Funds (ETFs)
  • Exchange Traded Derivatives (ETDs)
  • Implications surrounding Dodd Frank / EMIR
  • High Frequency / Low Latency technology
  • Single Dealer / Multi Dealer platforms
  • Straight Through Processing
  • Clearing Houses

Within the broader Clearing industry we have also witnessed a major shake-up, ultimately being led by regulatory reform. This has lead us to focus on recruiting around our core client needs of regulatory change, CCP (central counterparties) and risk management.  We work extensively with multi-asset class Clearing Houses, serving the major Exchanges and platforms as well as covering a range of OTC markets. Examples of projects include:

  • Central Clearing for certain classes of OTC derivatives
  • Application of risk mitigation techniques for non-centrally cleared OTC derivatives
  • Regulatory reporting
  • Application of organisational, conduct of business and prudential requirements for CCPs
  • Application of requirements for trade repositories, including making data available to authorities
  • Risk management frameworks