Ralph Achkar

Ralph Achkar is Colt’s Capital Markets Product Director. He is responsible for the global product portfolio and its expansion across services and geographies. A regular commentator on the Asia and FX markets, Ralph joined Colt when low latency market data specialist MarketPrizm was acquired in 2011. Previously Ralph worked at Turquoise as co-head of sales and Citigroup as a VP in Markets and Securities Services where he spent five years covering financial institutions and infrastructures, with assignments in Frankfurt and Moscow.

Timestamping – are we nearly there yet?

15 Nov 2016

January 2018 is the first in a series of deadlines for upcoming regulations that are aimed at making the capital markets a safer, more transparent place. Timestamping, while not the most difficult part of MiFID II to comply with, is…

MiFID II – Can we still wait until 2018?

12 Oct 2016

With all the delays, media commentary and conferences it would be easy to forget that the rules proposed by MiFID II still need to be implemented by January 2018, yet even now there is still a lack of clarity about…

The Virtual Markets

25 Jul 2016

The cloud has changed the way the majority of us live our lives. Not just in terms of personal storage but also when it comes to applications and services we use on a daily basis and the way that we…

OTC Derivatives under MiFID II

19 Apr 2016

One of the major – and possibly one of the most transformative – parts of the MiFID II regulation is the introduction of controls around the OTC market, and specifically how certain asset classes should be traded. Organised Trading Facilities…

MiFID II Market Surveillance

22 Mar 2016

Traders have lived with market surveillance for some time now. In fact many current equity traders probably don’t know of a time before MiFID I where market structure and hence surveillance capabilities were very different. The rest of the market…

Best execution made simple?

03 Mar 2016

You may have read the last few blogs I’ve written about MiFID II, all of which dealt with aspects that were relatively technical. This time I’d like to look at something which is quite well understood by the market but…

LSE / Deutsche Boerse – what next?

25 Feb 2016

Over the last couple of days we’ve seen the merger of the LSE and Deutsche Boerse play out in the press to much speculation from various sections of the media, reminiscent of days when super-mergers were more commonplace. What makes…

RegTech in Capital Markets

18 Feb 2016

FinTech continues to dominate the headlines. It’s hard to open any business or financial publication at the moment without seeing an article on the impact of new, innovative companies ready to change our financial lives using technology. The blockchain alone…

MiFIDII: Putting our heads together

15 Jan 2016

In my last blog, I explored the intricacies of timestamping under MiFID II. A natural next step is to take a closer look at the monitoring and reporting requirements the directive will introduce. These requirements impact both the investment firm…

MiFID II – How do you measure time?

15 Dec 2015

The timestamping requirements of MiFID II have been discussed at length in the press and behind closed doors. New versions of platforms are being released which cater for these requirements and it seems that the enormity of the compliance task…

MiFID II – Opportunity from crisis

01 Dec 2015

A recent Colt survey found that IT leaders within financial institutions felt that their careers are defined by moments that matter, rather than by a long-term consistent effort. It seems that inflection points are the makings of careers and MiFID II has the potential…

The hidden cost of market connectivity

22 May 2015

The capital markets have had a tough time over the last few years. From Lehman’s collapse in 2008, through to the recent FX rate fixing charges it seems that one catastrophe after another has befallen the sector in recent years.