Publications
Work written for banks, broker-dealers and investment managers since 2011. Every paper downloads as a PDF, without registration and without an email wall. Where a paper is published under licence, the licensee is credited on the paper itself.
4 papers carrying the selected subject
Where distributed ledgers change market structure, and where they do not.
The case for clearing repo, argued from market structure rather than from regulation.
Ten operating strategies for an equities business under margin pressure.
Collateral as an operating discipline, and where the risk sits when it is not one.
Each paper is the firm's own work, licensed non-exclusively to its publisher; the licensee is credited on the paper itself. Nothing on this site sits behind a form.