FX Markets are Ready for a Shake-up

FX Markets are Ready for a Shake-up

The biggest finding in our latest report on FX electronic trading was nothing.  Our 1500+ interviews with global FX users showed continued growth in electronic…

Greenwich Associate’s Market Structure Trends to Watch in 2014

Greenwich Associate’s Market Structure Trends to Watch in 2014

The year 2013 will likely go down as the year of mandatory clearing. Once ignored by eager financial market professionals as boring back-office stuff, collateral…

CME’s OTC derivatives clearing update (with my cameo)

Its no secret that CME is one of the few firms in contention to be a major interest rate swap and CDS clearinghouse.  This is…

McPartland and McPartland: My Conversation with the Chicago Fed

I recently spoke with John McPartland, a Senior Policy Adviser at the Chicago Fed (and no, we can’t seem to find a direct relation although…

My Conversation with Dan Maguire, Head of Swapclear US (Video)

MF Global and the Euro crisis have made people think about counterparty risk again.  Counterparty risk concerns are good for clearing, and Swapclear US is…

OTC clearing moves to real-time (Financial Times)

A few months back we put out a research piece on clearing technology, and how despite a lot of work over the past few years,…

Funds battle banks over $300 trillion derivatives market (Reuters)

Certainty of clearing is turning into one of the hottest derivative reform debates.  The crux of the issue is how can swaps traders be sure…

My conversation with the FT: big banks lose in derivatives reform (Video)

My conversation with Telis Demos at the Financial Times in NY; we discuss dealer profitability following derivatives reform and how electronic trading could ultimately lead…

My Conversation with Walt Lukken, CEO of NY Portfolio Clearing and ex-CFTC Chairman

Having been on both sides as a regulator and now an industry participant, Walt’s perspectives are fascinating.  Here we talk about NYPC’s success to date,…

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…