My conversation with TriOptima about their plans after central clearing

TriOptima – now owned by ICAP – has been at the center of trade compression and portfolio reconciliation for nearly a decade. Derivatives reform rules…

Tech upgrade needed for derivatives clearing (Financial Times)

The FT did a great job covering TABB Group’s new research piece looking at the technology challenges facing clearinghouses and dealers as they prepare for…

LSE confirms in exclusive talks with LCH.clearnet (Wall Street Journal)

It seems that LCH.clearnet has been sale forever – well, at least for the last few years.  It seems we might finally be getting somewhere.…

State Street Launches Swap Clearing Operation

Swap clearing is not just for the big banks. State Street’s announcement is further proof of that. With (lots of) money and a high credit…

OTC Derivatives Clearinghouses: Do They Pose A Systemic Risk? (Wall Street & Technology)

My video discussion with Ivy Schmerken from Wall Street and Technology on the new to big to fail:

Is Clearing a Swap 200 Times as Risky as Clearing a Future?

Originally posted on TabbFORUM.com Clearinghouses don’t remove risk. In fact, they concentrate it. But that concentrated risk is mitigated by the structure of the central…

Risky Business (The Deal)

Central clearing for OTC derivatives has become a pretty competitive business, driven mostly by soon to be in place regulatory mandates.  This story digs into…

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…

Putting Counterparty Risk Back in its Cage (Risk Professional Magazine)

I wrote an article in this month’s Risk Professional Magazine discussing the current state of counterparty risk concerns in the financial markets following the credit…

Smaller Dealers Ponder Implications Of Goldman Clearing Move (Wall Street Journal)

Goldman formally announced yesterday its new OTC derivatives clearing unit – Derivatives Clearing Services.  This is no real surprise as clearly the major dealers are…