Not all RRMs are created equally

It’s just a matter of time…

With all this global trade reporting going on and all sorts of new players entering the market, it’s just a matter of time before someone’s data gets hacked. Being able to predict trading patterns and how counterparties affect the market is an advantage akin to knowing the other players’ cards at a poker table. Thus a massive database of all trades is a treasure chest for the unscrupulous.

With Dodd-Frank and EMIR this really wasn’t much of a concern. But for REMIT, there are a growing number of new entrants applying to be RRMs making the decision tough for participants. Here’s the real question when deciding…

Does your TR/RRM have a NOC to prevent malicious attacks from hackers?

Players like ICE and CME among others, have spent tons of money protecting their systems so you can rest assured when sending data to them. Not all RRMs are created equally…