Tag: ccp

Three-Fifths Of OTC Derivatives Could Be Cleared, Says Citi (Dow Jones)

Citi has a new study geared towards helping its clients prepare for Dodd-Frank.  The two most interesting parts are their estimates for overall growth in IRS and CDS outstanding notional (to $435 trillion by 2013) and their estimates for how much of the OTC derivatives market will be cleared (~60%).  I’ll withhold my opinions on […]

Shift to Clearing Presents CCP System Challenges (Risk)

Good article from Risk outlining the various technologies used by the CCPs. We spend so much time talking about how much the dealers are spending, how SEFs will develop electronic swaps trading and when HFT swaps trading its easy to forget how complex the technology implementation will be for the clearinghouses: “OTC derivatives trading will […]

Commodity Futures Trading Commission: Send Money. And Power. (SeekingAlpha)

SeekingAlpha picked up my my recent quote in a Bloomberg article about proposed CCP ownership limits for dealers proposed by the CFTC. The author is right, I am flabbergasted. Kevin McPartland is justifiably flabbergasted: “What is an LCH.Clearnet going to do, that’s almost completely dealer-owned?” said Kevin McPartland, a senior analyst with Tabb Group in […]