The Kevin on the Street Top Ten Stories of 2011

I officially launched Kevin on the Street in the spring of 2010, so 2011 was its first full year of operation.  Not like the world…

SEF Surveillance

With so much focus on execution methods and block trade rules, little talk has been had about another SEF requirement: surveillance.  Keeping your market participants…

Presenting to the CFTC on Swaps Liquidity Fragmentation (and Aggregation)

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…

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…

ICE, DTCC to vie for swap data repository supremacy (SNL Financial)

I’m not surprised that multiple firms are competing to be the swap data repository of choice.  This is America after all, so if an opportunity…

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…

Trading reform still 'years from completion' (Financial Times)

Despite frequent new promises from Washington that rules will be done by a certain date (“Q4 2011 – oh wait, we meant Q1 2012!”) and…

Podcast Day at Kevin on the Street

Do people listen to podcasts about financial reform?  I hope so.  I’m a regular listener of Planet Money’s podcast, so hopefully that means at least…

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…

Old Trading Strategies brought to the New Swaps Market

When automated market-making meets an already liquid market backed by real money trades, arbitrage opportunities quickly follow, which is the direction most liquid portions of…