Tag: TabbForum

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 […]

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 did have some worth: people who bought them were protected against what turned out to be real risk “credit events.” So what if we were to take their intrinsic value […]

A Rude Awakening for OTC Derivative Executions: Buying a Bandwagon Seat

Also posted at TabbFORUM.com The current execution landscape for OTC derivatives is in for a rude awakening.  Index CDS and the most liquid interest rate swaps (2-, 5-, 7- and 10-year) are set to move into a world of high speed messaging and even higher speed analytics.  Many have already discussed how an expected execution […]