Investors have ‘no incentive’ to use swap futures, says Wallin

Real money firms have enough collateral to stick with swaps, buy-side exec argues

CME - swap futures proponent

So-called real money investors have "no incentive" to ditch over-the-counter derivatives in favour of swap futures unless they face serious collateral constraints, according to James Wallin, a senior vice-president at Alliance Bernstein.

Speaking at the Risk USA conference in New York, Wallin said he gets calls "all the time" about swap futures. He is not a fan, however.

"We've looked at these products. What it boils down to is that, unless you're capital constrained, there is no incentive to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here