TABB Says 90% of Top-Tier Swap Dealers See Their Profits Down or Flat after Dodd-Frank Implementation

PR on my recent study: New Annual Fixed Income Industry Benchmark Study Shows 60% of Current Dealers Expect Increased Barriers-to-Entry; Basel III to have Greater…

Liquidity expected to return in swaps market (Financial Times)

My summer’s work was speaking to every major swaps dealer to try and understand what they’re thinking, how they’ll take their business forward and what…

Reforms Have Swap Dealers And Brokers Considering Agency Model (Wall Street Journal)

TABB Group Fixed Income recently published two new research pieces.  One for which we spoke with 23 swaps dealers about everything and anything (link here),…

Participation Request: TABB Group Swap Execution Facility Study

TABB Group is conducting a study to gauge the industry’s views on several swap execution facility issues. The study is a follow-on to research we…

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…

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…

Derivatives reform a bright spot? Who would've guessed?

A bank collapse was the catalyst for the reforms currently underway in the OTC swaps market. Debates over liquidity killing regulations and overly burdensome implementation…

A Year Later, Dodd Frank Causes Banks to Shrink (Bloomberg)

Wow – it really has been a year. Even more amazing is that Bear, Lehman and the rest were almost three years ago. Things have…

A New CDS Loophole Compliments of the CFTC

Maybe I’ve spent too many months of reading regulatory proposals and legislation, or maybe I’ve just grown pessimistic, but it seems a CDS loophole exists…