Originally posted on TabbFORUM.com When? The biggest question everyone has right now is when? Not what – what is the block trade size; what is a SEF; what products must be cleared – but when will the new rules finally be finished and take effect. Trying to answer that question requires a little experience with […]
Tag: OTC Derivatives
The New SEF Rules: My conversation with the CEO of TradeWeb
Building a Better House for OTC Derivatives (Institutional Investor)
A pretty length article from Institutional Investor covering the constantly in flux world of OTC derivatives clearing and across the board reform. I began speaking with them back in the summer about this article so you can appreciate how much has done into this and the moving target that all journalists (and researchers for that […]
The Impending CFTC SEF Proposal: What you need to know and why
Also posted at TabbForum.com By opting for a prescriptive rather than a rules-based approach in regulating the OTC derivatives market, the CFTC is set to write the wrong prescription for swap execution facilities (SEF). A major tenet of Dodd-Frank is to “promote pre-trade price transparency in the swaps market.” Through the rule-writing process, both the […]
Trust but Verify (The Deal)
This piece provides an overview of the derivatives reform related regulatory rule writing process, but a focus on the numbers. How much will it cost, how much (or little) are regulators spending on technology and just how big is this market. “All the data will be reported to regulators to seek out systemically risky situations. […]
CFTC's Gensler May Not Have Had Enough Votes For Swap Trading Proposal (Dow Jones Newswire)
I can’t find a good link so here’s the story from Dow Jone’s Katy Burne. I think my best contribution is the last quote in the article. Enjoy. (c) 2010 Dow Jones & Company, Inc. NEW YORK (Dow Jones)–The Commodity Futures Trading Commission’s decision Thursday to delay a controversial vote on how over-the-counter derivatives should […]
Quick View: OTC swaps fight brews (Financial Times)
Despite the CFTC’s postponement of the SEF proposal release, debate still came on quickly as to their prescriptive approach surrounding trading model. These quotes are based on my commentary that we will publish early next week. “With liquidity so thin, under this new model the simple presence of a quote will alert the rest of […]
Conversation with the FT's Jeremy Grant on EU Financial Reform
Part 1: Part 2:
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:
Everyone Wants to Start An SEF (Advanced Trading)
This article reviews how an SEF is likely to be defined by the CFTC an who some of the likely players in the market will be based on my video conversation with Ivy Schmerken a few weeks ago. Regulators at the CFTC and Securities and Exchange Commission are drafting the rules that will define what […]