Balmoral Advisory is a boutique advisory firm that works with exchanges, regulators, technology firms, market participants and market data vendors to identify, evaluate and grow business opportunities, understand and respond to regulatory, industry, and market structure changes and develop and implement strategies and solutions that make sense now and in the future.
With over 20 years of capital markets experience across 3 continents, Donna Bales provides valued advice and in-depth analysis on how market structure and regulatory changes such as the OTC derivative reforms impact on-going business workflow and product development efforts.
Prior to Balmoral Advisory, Donna spent 10 years at TD Securities where she was responsible for the business and distribution strategy for TD Securities Global Fixed Income E-Commerce Solutions. Donna has led the product development efforts of several industry led banking consortia initiatives in data management and alternative trading.
Donna frequently writes on internationally regulated OTC derivative reform. She led the product development efforts of Markit BOAT, a trade repository established by the industry to meet the requirements for trade reporting OTC equities under MiFID. Donna assists clients with market structure, regulatory and compliance issues with a focus on strategy, business impact and transformation.