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),…

LSE confirms in exclusive talks with LCH.clearnet (Wall Street Journal)

It seems that LCH.clearnet has been sale forever – well, at least for the last few years.  It seems we might finally be getting somewhere.…

Wall Street Bets on Debt That Doesn't Exist (Wall Street Journal)

Many still seem skeptical of credit default swaps (CDS), but the reality is (and always has been) that they play an important benchmarking function for…

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…

Trans-Atlantic Cable Plan Targets High-Frequency Traders (Wall Street Journal)

First it was shortening the time it takes data to get between New York and Chicago, now its New York and London.  The big difference…

US CFTC Gets Suggested Guidelines For Swap-Execution Facilities (Wall Street Journal)

The Wholesale Market Brokers Association of American (WMBA) submitted to the CFTC guidelines as they saw them for what are to become Swap Execution Facilities…

Smaller Dealers Ponder Implications Of Goldman Clearing Move (Wall Street Journal)

Goldman formally announced yesterday its new OTC derivatives clearing unit – Derivatives Clearing Services.  This is no real surprise as clearly the major dealers are…

Sen. Lincoln To Exempt Community Banks From Swaps Spinoff Bill (Wall Street Journal)

Senator Lincoln is backing down slightly from originally proposed derivatives amendment.  Its still far from reality in my opinion, but we’re getting there. “The fact…

'Stub Quoting' Helps Explain Last Thursday's Penny Prices (Wall Street Journal)

Everyone is still trying to understand what happened on May 6.  Stub quoting was certainly not the overall cause, but might help to explain why…

Trading Firms Turn To Videogame Chips To Get Even Faster (Wall Street Journal)

Hardware acceleration has become a hotter and hotter topic in financial services as latencies are now measured in microseconds and codeoptimization is starting to hit…