“The major issues will stay pretty close to what they are in the House,” says Kevin McPartland, a senior analyst at New York-based research firm Tabb Group and author of “OTC Derivatives Regulatory Update,” a report released January 11 on the outlook for derivatives regulation and its impact on the industry. McPartland says clearing houses […]
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Information Management – Getting the Message: Middleware Matters
In a study released earlier this month, “U.S. Equity Technology 2010: The Sell Side Perspective,” Tabb Group senior analyst Kevin McPartland noted that all bulge bracket firms are “currently either using some form of hardware acceleration or are investigating its use.” “Third-party middleware products have reached a level of sophistication that the cost required to […]
GeithnerGate: Love Him or Leave Him?
An investigation into the government rescue of AIG unearthed emails showing that the NY Federal Reserve, at that time under the control of now Treasury Secretary Timothy Geithner, strongly encouraged AIG to hold back public announcement of parts of its derivatives portfolio and the billions in collateral payments it made to its dealer counterparties. Many […]
Tax Avoidance or Smart Investing?
What else can derivatives be blamed for? OTC equity derivatives are now in the spotlight of the IRS for promoting tax avoidance. The theory is that an equity swap allows the purchaser to collect dividends on the “swapped” stock without paying the taxes associated with actually owning that stock. I can certainly see the merit […]
Taking Low Latency to the Next Level – Jan 27 2010
Discover why organizations like NYSE Euronext are using some of the latest high performance networking technology to improve throughput and reduce latency throughout the trade cycle in this webcast that also features TABB Group Senior Analyst Kevin McPartland. Register Here
The Trade – OTC derivatives reforms to accelerate automation
“The automation that will result from standardisation of OTC derivatives will make it easier to get fair prices, as well as making it simpler to trade and clear them using electronic means,” Kevin McPartland, senior analyst, TABB Group and author of a recent paper titled ‘OTC Derivatives US Regulatory Update’ told theTRADEnews.com. Full Story Here
Latency Transparency and the SEC: Interesting but not Relevant
Almost everyone agrees on one thing regarding financial reform – the need for more transparency. Price transparency, market transparency and open position transparency have been talked about quite a bit. But within the SEC’s recent equity market structure concept document they’ve brought into focus a new one: “latency transparency”. Full Perspective Here
Compliance Reporter – TABB: Derivatives Rules Coming This Summer
The bill that eventually emerges from the Senate will resemble the House of Representatives’ bill on most major issues, but there are several details that will be hotly debated, McPartland wrote in a recent report. “Exemptions will be a big issue–i.e. which end users will be exempt, even which buyside firms might be exempt,” he […]
Wall Street Letter – Equities Trading Industry Tackles Latency Measurement
The demand for a latency standard has increased with the rise in high-frequency trading, higher trading volumes and more volatility. Latency has been reduced in some cases to microseconds, which makes measurement difficult, said Kevin McPartland, an analyst with the TABB Group. The recent proliferation of data types means that a trader must use multiple […]
Information Management – Data Centers as Important As Trading Floor, Says Tabb Group
“From a sell side perspective, it means that those guys–major data center providers such as Equinix and Savvis– should look to expand current client footprints as the sell side looks to reduce server scatter (when firms use space in a variety of geographic locations),” McPartland explained to Securities Idustry News. “So if a major dealer is […]