English to French Bus/Financial Finance (general) brokerage

Unfortunately, credit derivatives trade support remains a significant pain point for prime brokers, which are under heavy pressure to increase operational efficiencies, particularly with respect to the (largely) manual processes of confirmations and assignments. In spite of industrywide efforts to reduce unconfirmed trade backlogs and streamline trade settlement, significant challenges remain. As a result, multi-dealer platforms such as Thomson TradeWeb have stepped into the void, focusing their efforts on back end settlement and allocation processes. As noted by one respondent (see Figure 13 on page 16), the complexity of global capital markets and the sheer variety of instrument classes that hedge funds trade are both leading causes of higher prime brokerage spending.