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 […]
Tag: SEF
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 […]
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 […]
Swap Execution Facilities: What do they really mean? (Advanced Trading)
TABB Says the Number of Swap Dealers Will Surge, Doubling If Not Tripling to 30 by December 2011
This is the press release for my latest research report: Top 15 OTC Derivatives Dealers Set to Spend Nearly $675 Million in 2010/2011 to Prepare Technology for Dodd-Frank OTC Derivatives Trade Execution and Central Clearing Mandates Spending May Continue into 2012 Based on Implementation Timelines Set by Regulators NEW YORK & LONDON–(BUSINESS WIRE)–With passage of […]
Brokers May Account For A Third Of New Swaps Trade Venues (Dow Jones)
Dow Jones coverage of my latest research report “The Future of OTC Derivatives: Swap Execution Facilities and the New Dealer”. Within the report I breakdown not just the open questions surrounding the definition of swap execution facility but also who will be behind these new venues. Unfortunately this story is not publicly available online (only […]
Swaps Platform Urges 'Better Than TRACE' Reporting Jumbo Trades (Wall Street Journal)
Defining a “block trade” in the swaps market is one of the many jobs of the regulators in the next few months. As this story points out, average trade sizes for swaps change drastically based on product and market conditions making it pretty difficult to set a single number. Maybe more important is the reporting […]
Rate swap traders wait for no man (Financial Times)
Interest Rate Swaps have taken over for CDS as the OTC derivative product in focus for market participants and regulators. They look to be the products that will see the biggest jump in clearing once new rules are in place and they also seem to be the first headed for more electronic trading. My two […]
WMBA, Americas Announces Panel Structure For Swap Execution Facility Conference October 4, 2010
CFTC Chairman, Gary Gensler, Other Key Regulators and Industry Leaders To Discuss Trends and Outlook in Wake of Dodd-Frank Wall Street Reform Act NEW YORK–(BUSINESS WIRE)–Wholesale Markets Brokers’ Association, Americas (WMBAA) is pleased to announce panel information for its inaugural Swap Execution Facility conference which will be held in Washington, D.C. on October 4, 2010 […]
Conversation with eDeriv – Equity Derivative SEF
My recent conversation with Jason Yoon-Hendricks, Parter of eDeriv. eDeriv will soon launch the first equity derivative swap execution facility.