Markets group at Deutsche gets new cross-asset electronic trading unit, led by Zar Amrolia; Knight Capital responds to rogue algo loss by naming new CRO; listed derivatives co-head leaves Morgan Stanley; Nomura loses Fares, names Downey sole head of equity...
RIP OTC: Swap futures gaining buy-side fans
The do-nothing approach
Draft European Securities and Markets Authority rules on indirect clearing caused uproar when they appeared in June. The regulator removed the most controversial elements in its final text, but dealers are still in the dark about the capital treatment...
It’s the untold story of JP Morgan’s credit trading losses – how traders were able to reduce risk-weighted assets while loading up on risk, and the part played by Basel 2.5. Michael Watt reports
It’s the biggest futures exchange in the world, so CME Group naturally has both friends and enemies. Some of its friends are very well connected – and some of its enemies claim this influence has been used to stifle competition, allowing the exchange...
Building a sub-Saharan OTC market
The beta stochastic volatility model
Fat tails via utility-based entropy
The FVA debate continues
Preventing a clearing contract crunch
Not clear yet
Personal criminal liability works, like it or not
Tales of tails
Powering up for clearing
The cutting crew