This is the first announced equity swap focused SEF I’ve come across. The people at the help of this company come from Goldman Sachs electronic trading and have an interesting approach that is worth keeping an eye on. I’m sure there will be many more SEF announcements to come in the the next few months, […]
Tag: Derivatives Week
Industry Looks To House, Regulators (Derivatives Week)
Doesn’t sound like anyone is particular excited about the bill passed last week in the Senate. Even only half of the Senate (the Democrats) seems to like the final product. My comments in the article: Some industry professionals believe Sen. Blanche Lincoln’s provision requiring banks to spin off their swaps desks will get kicked out […]
Swap Desk Spin-Offs Not Seen As Workable (Derivatives Week)
Is it clear to anyone yet that I don’t like the Lincoln OTC derivative proposal? Kevin McPartland, senior analyst at the TABB Group in New York, said it depends on how the rules are written. “If they force [dealers] to completely spin them off, that just won’t work,” he said. The idea, he said, is […]
Dodd Broadens Major Swap Player Definition (Derivatives Week)
We should get much more information about the Senate’s view on OTC derivative reform on Friday when the first amendment to the bill is expected. In the meantime: While most derivative pros did not expect the broader definition in Dodd’s revised bill, they believe the Reed-Gregg amendment will focus heavily on exemptions. “The way it […]
Derivatives Week – Regulators Push For OTC Trading Tape
This story came out of a conference I participated in yesterday put on by Markit. Creating a “tape” for OTC derivatives was a big topic of conversation, especially when it came time for CFTC Chairman Gensler to take questions. Excerpts from the story: “They are looking at this like an exchange-traded market focused on the […]