Eurex is trying to steal business from the market’s dominant interest rate swap clearer, LCH.Clearnet. The pitch: it is less risky and therefore cheaper in terms of capital and margin. Some dealers are...
Finra says year-long approvals process revealed "notable outliers"
Commodities have been the mainstay of China's derivative markets so far but the launch of equity options on two of the country's main exchanges could see this dominance challenged
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Cross-product margining articles
Clearing houses may have promised too much, too soon on the benefits of cross-product margining, leaving them at risk of under-delivering. Only a handful of clients have so far been able to benefit – and for most, the savings have been smaller than...
Only two FCMs are currently offering margin offsets between interest rate swaps and futures at CME
Early adopters of over-the-counter derivatives clearing tended to be the big beasts of the buy-side universe, but smaller firms – such as France’s OFI Asset Management – are coming on board as well. By Tom Osborn
Clearing house has been told its own rules prevent it from shelving buy-side clearing for single-name CDS contracts
Firms that trade index and single-name CDSs will see margin requirements increase
Australian domestic clearing house hoping to use lower margin costs as a means to win market share
Nobody knows how much margin will be consumed as over-the-counter derivatives move to a post-crisis regime based on central clearing and two-way collateral posting, but there is one certainty – the less an individual firm has to post, the happier it...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.