ICMA primary markets technology directory

ICMA’s primary markets technology directory compares the key features and capabilities of technology solutions available to automate all or part of the process of issuing debt securities. Building on ICMA’s work in primary bond markets, the directory’s purpose is to keep ICMA members informed about what platforms and technology solutions are available in a rapidly expanding competitive marketplace.

Electronic Trading Platform directory

In light of the shift towards electronification, ICMA initially conducted a mapping exercise of electronic trading platforms (ETPs) and information networks in 2015. As this landscape continues to evolve, ICMA continues to update this mapping directory on a regular basis, expanding its scope both in terms of regions and solutions, for example including Organised Trading Facilities (OTFs, and, more recently Order and Execution Management Systems (OMS & EMS).

ICMA Repo trading technology directory

ICMA’s repo electronic trading technology directory is intended to help market participants understand execution venues available for repo trading.  The directory provides an overview of key platform characteristics such as differences in trading protocols, clearing and collateral configurations. The directory also provides information on the venues’ regulatory status, market identifier codes (MIC) and additional services on offer such as regulatory reporting under SFTR.

ICMA Ops FinTech mapping directory

ICMA’s ERCC Ops FinTech Working Group (WG) initially published a mapping directory of over 80 technology solutions available for repo and cash bond operations in November 2017 and is regularly updated. The directory compares the capabilities of different providers and seeks to create greater transparency in a very dynamic and fluid market. The directory is divided into 10 categories, including collateral management, exposure agreements and reconciliations.

ICMA Distributed Ledger Technology (DLT) regulatory directory

ICMA’s DLT regulatory directory seeks to provide a non-exhaustive overview of recent DLT regulatory guidance, legislative initiatives, as well as related strategy papers and recent publications in selected jurisdictions across Europe, North America, and Asia-Pacific. Its aim is to provide a sense of the direction of travel, anticipating future regulatory DLT guidance and legislative change, which will pave the way for broader adoption of DLT.

ICMA CSDR-SD technology directory

To assist market participants prepare for CSDR implementation, ICMA has gathered technology solutions aimed at managing the requirements under CSDR Settlement Discipline. The initial focus of ICMA’s CSDR-SD technology directory is toward those solutions assisting firms in the management of cash penalties. This is intended to provide a consolidated overview of the functionalities of market solutions, such as calculation, aggregation, reconciliation, invoicing, reporting, and appeals or claims management processes.




Contacts:

Gabriel Callsen
Director, Market Practice and Regulatory Policy
Direct line: +44 20 7213 0334

Rowan Varrall
Associate, Market Practice and Regulatory Policy
Direct line: +44 20 7213 0317

ICMA Zurich

T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich
ICMA London

T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris

T: +33 1 70 17 64 72
62 rue la Boétie
75008 Paris
ICMA Brussels

T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong

T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
 
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