Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
Derivatives Document Negotiations Need More Automation
After conducting a survey on document negotiation, the International Swaps and Derivatives Association (ISDA) is making a strong case for more digitization of derivatives documentation. ISDA officials are also arguing that firms use ISDA Create, an online platform for negotiating, producing, and executing derivatives documentation. This includes the ISDA Master Agreements, variation margin credit support… Read More >>
Numerix Overhauls PolyPaths Product Suite
Numerix has made “significant enhancements across the PolyPaths product suite,” including new reporting and client-centric capabilities that represent the next chapter for PolyPaths, known for helping firms make the transition away from the discredited London Interbank Offered Rate (LIBOR). “This update represents a pivotal shift in our approach. Given the prolonged prevalence of LIBOR as… Read More >>
ISDA Survey: Number of Dealers to Shrink While Costs Rise
Respondents to an ISDA derivatives industry survey have expressed optimism about the future of their market, but almost half of those surveyed say that the number of derivatives dealers is declining, and that the cost of using derivatives is increasing. In particular, the survey found that 47.3 percent of respondents say “the number of derivatives… Read More >>
