Greece Won’t Kill CDS, Dodd-Frank Will

(also posted on TabbFORUM.com) Greece is defaulting on its loans. OK, technically, that’s not true. The official version is that Greece’s creditors have agreed to…

ICE Clear to Offer First Clearing for Sovereign Credit Swaps (BusinessWeek)

I’ve done a lot of thinking about this over the past few months – is it feasible for a clearinghouse to clearing CDS of its…

My conversation with Benchmark Solution's CEO Jim Toffey

Jim Toffey, one of the co-founders of Tradeweb and general e-trading pioneer, is heading up a pretty fascinating new venture. Using ultra sophisticated analytics Benchmark…

Will U.S. Default? $4.8 Billion Investment Says Yes (ABC News)

This whole debt ceiling fiasco has brought CDS back into the main stream news again.  Last time that happened was – well – you remember.…

Three-Fifths Of OTC Derivatives Could Be Cleared, Says Citi (Dow Jones)

Citi has a new study geared towards helping its clients prepare for Dodd-Frank.  The two most interesting parts are their estimates for overall growth in…

Timing Of European Credit Default Swaps Probe Piques Interest (Wall Street Journal)

This story was posted last week, and although its a bit odd to repost the story that quoted Kevin on the Street, I thought the…

Wall Street Bets on Debt That Doesn't Exist (Wall Street Journal)

Many still seem skeptical of credit default swaps (CDS), but the reality is (and always has been) that they play an important benchmarking function for…

Barclays Capital Rolls Out Electronic Credit Default Swaps Trading (Wall Street Journal)

Execution and clearing mandates for OTC derivative trades are still nearly a year a way by my estimates, but the Street is already getting ready.…

Reinventing the Credit Default Swap: CDS on CCP

Also posted at TabbFORUM and JLN Interest Rates. Whatever you think of credit default swaps after the financial crisis and global recession that ensued, they…