Standard Charted is building a repository to host all of its trade data, aiming to create a “single golden source”. The bank plans to use the data to improve its ability to model illiquid products in preparation for the impending market risk capital rules that penalise firms for patchy liquidity and incomplete trade data. In an interview with Reuters, Mr Hester said he was confident about his bank’s ability to weather any potential storm from Brexit.
Standard Charted is building a repository to host all of its trade data, aiming to create a “single golden source”. The bank plans to use the data to improve its ability to model illiquid products in preparation for the impending market risk capital rules that penalise firms for patchy liquidity and incomplete trade data. The firm is also developing algorithms that use historical data to create synthetic time series for use where products suffer from a liquidity gap.