TABB Group recently conducted a poll of swap market participants regarding varies issues surrounding the creation of swap execution facilities (SEF) and the proposed rules from the CFTC and SEC. This is the FT’s overview of our findings (which are currently available to clients and contributors here). The industry thinks SEFs will be good for […]
Tag: SEF
SEF Showcase – video of my panel March 31 in DC
I was a part of the end user panel, so this gives you a good idea of how buy side firms and corporate end users are thinking. My opening remarks are 33 minutes into the video.
My opening remarks at the CFTC SEF Showcase – March 31, 2011
First, I’d like to thank Commissioner O’Malia and his staff for inviting us here today for what is shaping up to be a very informative day. I’m Kevin McPartland, Head of Rates and Credit Research at TABB Group. We are an independent research and advisory firm focused solely on the institutional capital markets. Everyone finally […]
Different Strokes (Markit Magazine)
Markit Magazine, the quarterly publication from (who else?) Markit, includes a slightly updated copy of my TabbFORUM article comparing swap trading rules in the EU to those in the US. My piece and the entire magazine in e-format (with some other good stuff in it) are here: Markit Magazine.
TABB Group Industry Barometer: Swap Execution Facilities – Participation Request
With the comment period behind us and final rules only a few months away, the definition of Swap Execution Facility (SEF) is still unclear and the market impact of proposed rules still uncertain. TABB Group would like to assess the industry’s opinion on a few key SEF issues as regulators work towards a final rule […]
Why I want to start a SEF in Florida
Why wasn’t the buttonwood tree a palm tree? I love NY, but there is no way to get a captive conference audience like putting them in a tropical resort where not only does no one have anywhere else to be, but no one wants to be anywhere else. My day at the FIA conference in […]
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 […]
Tullett, Tradition Talks Are Said to Hit Snag Over Price (Bloomberg)
It seems SEF consolidation has already begun, even though SEFs are technically yet to exist. I think this kind of consolidation is inevitable, and it seems the exchange merger mania will only add fuel to the fire. The new rules will force consolidation among derivatives brokers and “once all is flushed out and done, you’ll […]
SEF-a-Palooza: Commenting on the Comments
Also posted at TabbFORUM.com Washington and Wall Street get to tick off another box on their march toward creation of Swap Execution Facilities (SEF). Dodd-Frank passed on July 21, 2010, the Commodity Futures Trading Commission proposed its SEF rules on Jan. 7, 2011, and on March 8, 2011 the comment period closed. For those of […]
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 […]