Preparing the Back Office for the EU's Market Data Regime 💡Research Report | 20 Pages | 8 Exhibits | 27 Recommendations & Action Items For most of the past decade the price of European market data was governed by a principle nobody could enforce. MiFID II required trading venues to make
Change, Concentration, and AI Redefine the Risk Register for 2026 💡Research Report | 21 Pages | 6 Exhibits | 10 Conclusions Operational risk used to be the discipline of preventing yesterday's loss from recurring. 2026 makes it the discipline of surviving tomorrow's delivery calendar. Broker-dealers, investment managers and
Clearing and Collateral Mobility Rebuild the Financing Markets While Transparency Waits 💡Research Report | 22 Pages | 6 Exhibits | 10 Conclusions Securities finance spent years as the quiet corner of post-trade, making headlines only when something broke. 2026 ends that anonymity. The US Treasury clearing mandate is redrawing the world'
Operational Implications of the EU's Market Integration and Supervision Package for Custody and Settlement 💡Research Report | 22 Pages | 5 Tables | 4 Figures On December 4, 2025 the European Commission published the Market Integration and Supervision Package: a Master Regulation, a Master Directive and a proposed Settlement Finality Regulation
AI, Tokenization, and Accelerated Settlement Reshape the Back Office 💡Research Report | 18 Pages | 6 Exhibits | 10 Conclusions 2025 was the year the post-trade agenda stopped being theoretical. The United States settled comfortably into T+1, the Digital Operational Resilience Act moved from countdown to compliance, tokenization graduated from proofs
