Apparently FTSE thought I had something interesting to say on this topic, as they put my picture front and center in this article (not that I’m complaining). Magazine layout aside, as the CFTC has pumped out rule proposals through the fall and winter, the industry has told them to slow down and the CFTC is […]
Tag: Reform
OTC Derivatives and the Question of When: Twitterview
Tony Scianna from Sungard and I discuss when derivatives reform will finally be implemented and what people must thing about when preparing for that fateful day. (Also posted at blogs.sungard.com and available via Twitter under hashtag #DerivChat.) Alyssa4AR: Welcome to #derivchat! Today we’ll be talking with @kmcpartland of @TabbFORUM and @tonyscianna of@SGBrokerage at SunGard. Alyssa4AR: Follow the #derivchat […]
US rules exemption on forex swaps near (Financial Times)
Dodd-Frank talks about the swaps market as a whole – meaning all swaps. Sure, it breaks out securities based swaps and a few others, but the intention seemed to be that they wanted all swaps regulated. But as I much as I’m for the idea of not creating loopholes – intentionally or otherwise – its […]
SEF or OTF: A comparison of swaps trading reform in the US and Europe
Also published at TabbFORUM.com Is the sport called soccer or football? Should swaps be traded on Swap Execution Facilities (SEF) or Organized Trading Facilities (OTF)? For that matter, should organized be spelled with a ‘z’ or an ‘s’? While some of these debates are as old as the U.S. Declaration of Independence and others brand […]
Barclays Capital Rolls Out Electronic Credit Default Swaps Trading (Wall Street Journal)
Execution and clearing mandates for OTC derivative trades are still nearly a year a way by my estimates, but the Street is already getting ready. While Deutsche Bank and Bluemountain Capital executed CDS trades through Tradeweb and cleared via the CME and ICE, Barclays was busy rolling out its new electronic CDS trading product for […]
SEF Panel at TabbFORUM Derivatives Event – January 25, 2011 (Video)
SEC to propose rules for swap trading platforms (Reuters)
The SEC is set to release its SEF rules tomorrow, Feb 2, 2011, and only a small few details are floating around. Since they will be overseeing the less liquid single name CDS market I’d suspect they’ll focus more on the RFQ model than order book trading. My comments in the article, saying essentially, we […]
Conversation with Rick McVey, CEO of MarketAxess – SEFs and Credit Trading
OTC Derivatives Rules: Not What, But When
Originally posted on TabbFORUM.com When? The biggest question everyone has right now is when? Not what – what is the block trade size; what is a SEF; what products must be cleared – but when will the new rules finally be finished and take effect. Trying to answer that question requires a little experience with […]