‘Several Competing’ Clearing Houses Needed for Swaps (Securities Industry News)

By | March 25, 2010

I participated in a panel discussion this morning focused on opportunities for execution venues an exchanges created by OTC derivatives reform.  As legislation will likely push standardized OTC products onto execution platforms (not necessarily exchanges mind you), the opportunities for these platforms (many owned by inter-dealer brokers) are numerous.  Securities Industry News covered the event:

“We have the benefit of building a market structure from scratch,’’ said Tabb Group analyst Kevin McPartland, “knowing everything we know now,’’ after a financial crisis spawned in large part by the weight of paying out credit default swaps in fall 2008 by AIG and other players.

The full article is here

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