Futurisation facing headwinds as cleared swaps evolve

Panellists at FIA conference say cleared OTC market is holding off futures challenge

Building Blocks
Cleared OTC products are becoming simpler and more standardised

Futurisation of the cleared derivatives market is not taking off – despite its margin advantages – because of a lack of dealer backing, limitations in the futures trading model and the fact that cleared swaps have become more efficient, according to market participants.

"The whole change in the regulatory landscape and clearing has given futures the best opportunity, but it still feels like that is not the way the market is going," said Rob Catterall, co-head of trading at Man AHL. Catterall was

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: