CCC3 - Equity and Debt 2001
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CCC3 - Equity and Debt 2001
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© The Z/Yen Group of Companies 2008
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Processing costs have started to benefit from
economies of scale derived from all time high volumes, particularly in the
equities markets, reports a new survey by Z/Yen, the City-based Risk/Reward
Management firm.
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Equity Products |
Debt Products |
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Each bank provided detailed cost, volume and headcount data
for full-year 2000. Over 20,000 data points were gathered, analysed and
consolidated into a set of comparative benchmarks.
Summary of Findings
A typical Summary of Findings can include the following:
1 Cost per Trade for Derivative products.
2 Back-Office Operations costs.
3 Cost per Trade reductions.
4 True STP for cash Equities.
5 Cost per Trade costs between banks.
6 Fixed costs across debt and OTC derivatives products.
About Z/Yen
Z/Yen's mission is to be the foremost risk/reward management firm. Risk/reward management is the application of risk analysis and return incentives to strategic, systems, human and organisational problems in order to improve performance. Z/Yen believes that the intelligent management of risk is the basis of significant reward. By recognising, understanding and managing risks, more risk can be assumed and performance increased. Z/Yen applies risk/reward management in the public, private and not-for-profit sectors in areas as diverse as finance, information technology, human resources, research & development, environment, quality, sales & marketing.
Z/Yen's slogan is "zest for enlightenment", embodied in five distinguishing principles:
investing in clients;
investing in partners;
improving ourselves;
retaining and developing innovation and humour;
sharing the rewards.
Z/Yen has developed a risk/reward methodology based on analytical techniques from a number of fields which manage risk. The methodology consists of a strategic framework, supporting software, procedures, case studies and report formats. The methodology has been applied to strategic planning, financial planning, information technology planning, marketing plans, fraud investigations, reserves analysis, systems reviews, cost-effectiveness studies and human resource planning.
Z/Yen's strategy is based on three approaches:
enhancement of the risk/reward methodology;
management consultancy projects to identify ventures;
development of a partner network.
Z/Yen organises its work in projects with a specific proposal for each phase and strong project management. Z/Yen is committed to sharing the risks and benefits of work with clients, often in the form of performance-related fees, and measuring work in quantitative or qualitative terms. Z/Yen has access to venture capital and, where appropriate, can provide a combination of financial and advisory services in exchange for equity or other stakes.
Z/Yen applies its techniques with confidence in a variety of
areas, but has stronger experience in technology, insurance, banking, media,
health, distribution, charities and business to business services. Z/Yen has
three partners, over ten staff and more than 50 associates. Staff share
significantly in the benefits of success and Z/Yen seeks to develop a supportive
environment in which professionals from a variety of disciplines can flourish.
Z/Yen in Financial Services
Financial Services is an industry where risk and reward are clearly present in day-to-day decisions. As the leading risk/reward management firm, Z/Yen is ideally suited to helping institutions make decisions in the areas of strategy, systems, people and organisation. Z/Yen’s proprietary risk/reward methodology is culturally suited to the industry and unifies strategies from the boardroom to the trading floor and on to risk management and transaction processing.
Z/Yen’s work spans investment banking, investment management, retail banking, building societies, credit card companies, financial exchanges, financial information and financial system providers. The type of work ranges from strategic planning, through information systems planning, benchmarking studies, operational risk review, electronic market simulations, operational performance evaluation, correspondent banking restructuring, computer systems implementation, management information systems design, market research, project and programme management, infrastructure commercialisation and outsourcing.
Recently, Z/Yen has undertaken the following client assignments in the Financial Services arena:
development of marketing documentation for a European software house;
commercialisation strategy for an internal consulting group of a major bank;
benchmarking studies of the FX, Money Markets, Equity and Debt Markets comparing the costs of 23 major banks
market survey of "Buy-Side Customer Needs";
development of a Stock Exchange Trading Game for a "DotCom";
benchmarking studies of European and Global Clearance and Settlement Fees;
market survey of the OTC Derivatives Market;
treasury market modelling and opportunity analysis;
outsourcing market analysis.
Z/Yen participates actively in organisations that are attempting to expand the boundaries of financial research, for example, the Centre for the Study of Financial Innovation where Z/Yen recently presented on the subject "Can banks really reduce their processing costs?" Additionally, Z/Yen was the founder and concept developer of a £1.9 million joint research initiative, The Financial Laboratory, which won a 1996 DTI Foresight Challenge award.
Institutions cannot afford to stand still in a competitive market. With the advent of T+1, new entrants to the industry and continuing pressures on staff, a robust risk/reward response is vital. Z/Yen is the natural partner for institutions seeking positive changes in response to their environment.
For further information, please call Jeremy Smith at Z/Yen on (020) 7562 9562.
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