LONDON, 23rd January 2019:TransFICC, the specialist provider of low-latency connectivity for Fixed Income and Derivatives Markets, today announced the appointment of Godfried De Vidts as Regulatory Affairs Advisor.
Godfried is a recognised authority on European financial and political issues, engaging with the European central banks and treasuries, the European Commission and European Parliament. Throughout his career he has been a member of various official working groups such as: the ECB Contact Group on Euro Securities Infrastructures (Cogesi); the ECB Macroprudential Policies and Financial Stability Contact Group (MFCG); and the ESMA Secondary Markets Standing Committee Consultative Working Group.
Since starting his career in Financial Markets in 1972, Godfried has worked with multiple financial products. He has always been keen to support innovative market developments. As a past President of ACI, The Financial Markets Association and as Chairman of ICMA’s European Repo and Collateral Council he frequently contributes articles to specialist financial publications and is a regular speaker at conferences.
"Financial Markets are evolving rapidly, driven by market fragmentation and changes to regulation," said Godfried De Vidts. "Many market changes begin in Europe and it is vital that firms fully understand these drivers and develop their services accordingly. Joining TransFICC as Regulatory Affairs Advisor was a straightforward decision for me, as it offers clients new and innovative technology for the changing Fixed Income market."
He added, "The Fixed Income market needs a scalable connectivity solution. There are already more than 130 bond trading platforms globally, with more in development. MiFID II is only a year old but we have already seen an increase in electronic trading during that time. The introduction of SFTR in 2020 is likely to drive further changes in the market as regulatory reporting becomes mandatory for Securities Financing Transactions."
TransFICC was recently recognised in the 2019 Risk Awards. Risk highlighted TransFICC's plug and play approach to resolving the market-wide problem of fragmentation, by connecting, and maintaining connectivity, to more than 200 execution venue APIs. The firm enables financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs.