On Tuesday, December 13th I presented to the CFTC Technology Advisory Committee. Chairman Gensler and Commissioners O’Malia and Wetjan were all there. Each panelist, myself included, gave a 15 minute opening and then we participated in an open Q&A with the Chairman, Commissioners and the members of the TAC. Maybe I’m just optimistic, but it […]
Tag: CFTC
Talking Tech with Commissioner O'Malia
A few weeks ago I had the privilege of sitting down with CFTC Commissioner O’Malia. In this clip, we talk about how important technology is to both participating in and overseeing the swaps market and financial markets as a whole.
My conversation with CFTC Commissioner O'Malia; derivative reform timelines and more
Pssst, looking to trade a swap without margin? (Reuters)
Another article looking at the new proposed margin rules from the FDIC and CFTC. The debate here is if end-users, say Exxon, could start marketing swaps to hedgers and compete with the banks as they won’t have to comply with the new margin rules as an end-user. I argue that as soon as they start […]
My opening remarks at the CFTC SEF Showcase – March 31, 2011
First, I’d like to thank Commissioner O’Malia and his staff for inviting us here today for what is shaping up to be a very informative day. I’m Kevin McPartland, Head of Rates and Credit Research at TABB Group. We are an independent research and advisory firm focused solely on the institutional capital markets. Everyone finally […]
An under-funded CFTC? (FTSE Global Markets)
Apparently FTSE thought I had something interesting to say on this topic, as they put my picture front and center in this article (not that I’m complaining). Magazine layout aside, as the CFTC has pumped out rule proposals through the fall and winter, the industry has told them to slow down and the CFTC is […]
SEF-a-Palooza: Commenting on the Comments
Also posted at TabbFORUM.com Washington and Wall Street get to tick off another box on their march toward creation of Swap Execution Facilities (SEF). Dodd-Frank passed on July 21, 2010, the Commodity Futures Trading Commission proposed its SEF rules on Jan. 7, 2011, and on March 8, 2011 the comment period closed. For those of […]
Flash crash may push through US trade-at rule (The Trade)
More on the SEC-CFTC flash crash recommendations. In short, they’ll force platforms that do not publicly display price quotes to execute orders better than the midpoint, or otherwise route them out. This would kill the business model for many registered ATS’s. The goal of greater transparency is good – but the unintended consequences are huge. […]
Flash Crash Panel: Market Remains 'Fragile' (TheStreet.com)
The CFTC and the SEC somehow found time in the midst of writing derivatives reform regulation to make recommendations on how to prevent another flash crash. I don’t think anything in here was too surprising, although I do think that they’re banning too many things rather than creating rules that incent a change in behavior. […]
Talking to the Swap Execution Facilities
I’ve spent the better part of the last year studying what will become the swap execution facility (SEF) market, how it will be regulated, its players, its impact on derivatives trading. More recently I’ve had the pleasure of speaking with a number of the industry’s leaders in the space regarding the plans for their organizations […]