Day returns to IHS Markit SFTR team 08 October 2019London Reporter: Maddie Saghir
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Stuart Day has re-joined IHS Markit鈥檚 网爆吃瓜 Financing Transactions Regulation (SFTR) team as director after the hedge fund he moved to in 2018 shut down.
Day first served as IHS Markit鈥檚 SFTR director from 2017 to 2018 before moving to Arrowgrass Capital Partners. However, the fund was reported to be in the midst of financial difficulties and was forced to close its doors last month after investors pulled out a large percentage from its already dwindling coffers.
As of this month, Day is now back at IHS Markit in his old role.
SFTR is due to come into legal force in April 2020 and will require banks and investment firms to report their securities finance transactions to a registered trade repository for the first time.
For its SFTR solution, IHS Markit is partnered with Pirum Systems, a provider of centralised reconciliation services for financial market participants, to offer a fully-hosted data and end-to-end reporting solution for SFTs.
According to the data provider, the solution offers participants turnkey connectivity to trade repositories and allows clients to use its modular nature to meet individual needs and structure.
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