Over-the-counter (OTC) derivatives
Sefs find liquidity comes at a cost
Banks have been reluctant to pick winners and losers from the array of new derivatives trading platforms being set up, but with Citi and Morgan Stanley taking equity stakes in two venues at the end of last year, it looks like some dealers are finally…
Combating the collateral crunch
Sponsored statement: BNY Mellon
Swap regulations hold key to future of OTC algorithmic trading
The arrival of central limit order books in the interest rate swap market has opened the door to algorithmic trading – but only a little. Its future depends on how the over-the-counter market evolves. By Peter Madigan
Scoach: where next after Six ends partnership with Deutsche Börse?
Scoach partnership runs out of road
JSCC to start client clearing by March 2014
Japan’s over-the-counter derivatives clearing house will soon allow member banks to offer client clearing and it also plans to merge with another domestic clearing house, according to a senior official.
NGL hedging takes off amid shale gas boom
No molecule left behind
Uncertainty over Emir may force European banks from some Asia OTC markets
The deadline is approaching for regulators to establish what European banks can clear and where on Asian CCP platforms ahead of OTC market standards going live from March 15
Swap futures margins may be underestimating risk exposures
A difference in margin approach between swaps and futures may mean the latter are not assessed on their level of riskiness
OTC reforms present technology challenges for insurers
Wide-ranging changes to the the OTC derivatives market are leading insurers to upgrade their collateral management systems, often quite substantially. But the complex requirements and computational power needed is providing a challenge - not just for…
Thai equity derivatives market to double
Demand from corporate and private bank investors to drive growth in Thai structured product market
Newedge to offer OTC clearing in Asia
Broker seeks to broaden its Asia offering by adding OTC IRS clearing in Singapore
White paper: EMIR - what are the margin requirements for uncleared OTC derivatives?
Key questions in the European Market Infrastructure Regulation (EMIR) include will there be universal initial margining, how will it be calculated, will thresholds be permitted, what will count as eligible collateral, will letters of credit be included…
Central clearing obligations cause collateral headaches in Asia
Collateral thinking
ASX to use cross-margining efficiencies in battle for Australia clearing market
Australian domestic clearing house hoping to use lower margin costs as a means to win market share
Futurisation worries end-users of OTC energy derivatives
The right tools for the job?
CFTC's 60-second rule will force rejections, FCMs warn
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
Liquidity fears temper uncleared margin proposals
Rules see two-way posting of initial margin, but apply threshold of €50 million in counterparty risk
First OTC clearing wave to catch 77 fund managers
List reveals 77 managers have funds that will be required to start clearing on March 11 - and dealers say up to a third are not ready to start
SEC scrutiny blamed for stifling active ETF market
Despite lifting a moratorium on reviewing actively managed ETFs that use derivatives, the US Securities and Exchange Commission still imposes long waiting periods on product approvals
Chinese equity derivatives master agreement close to being finalised
Securities firms in China have begun trading OTC equity derivatives, with a final master agreement expected soon
Scandal-hit banks must 'stop the rot', says Iosco’s Wright
Finance industry needs to focus on behaviour, corporate governance and ethics, Iosco secretary general tells conference
Applied risk management series: OTC commodity swaps valuation, hedging and trading
OTC commodity swaps valuation, hedging and trading
DOL paves way for US pension funds to clear swaps
FCMs and pension funds welcome long-awaited Department of Labour advisory opinion