Robert Mackenzie Smith
Robert Mackenzie Smith is a New York-based staff writer on the derivatives desk for Risk.net. His topics of interest include electronic trading, market infrastructure and Tottenham Hotspur Football Club.
He previously worked as a senior reporter at FX Week.
Risk USA: leverage constraints remain, even after massive injections of emergency liquidity
Risk USA: Libor transition head says SOFR is more stable than the rate it is set to replace
At T. Rowe Price, a top quant is tired of SOFR being “yanked around by the liquidity premium”
A backward-looking SOFR rate will reduce the asset-liability mismatch that sank CLO equity in 2018
CFTC committee calls on clearing houses to align timing and compensation mechanisms
CFTC rules on margin and loss limits for separate accounts are being torn up for asset managers
CCPs say cleared swaps will move to new rates if Libor is no longer representative of markets
Citadel Securities, Jump and Virtu among those repudiating controversial practice
BofA, Goldman Sachs and others are also preparing for Libor’s end
Test trades have allowed US insurer to start getting used to a life without Libor
Almost a week later, still no word on why SOFR was set using a market survey instead of submissions
US bank’s Libor transition head wants ‘simple’ way to calculate compound rates for any given period