CFTC Blesses Eurex Clearing U.S. regulator CFTC has authorized Eurex Clearing’s registration as a derivatives clearing organization (DCO), which will allow Eurex Clearing to provide clearing services for swaps for U.S. clearing members, officials say. The authorization makes Eurex Clearing the 16th DCO registered with the CFTC and the sixth registered DCO based outside the… Read More >>
CloudMargin’s SWIFT Move Pushes Low-Touch Option
Cloud-based collateral management technology vendor CloudMargin reports that it is first such provider to join the SWIFT cooperative, a step that may help the company make its case to firms considering low-touch solutions to meet the non-cleared derivatives margining rules to come. By working with SWIFT, CloudMargin will adopt SWIFT connectivity and standards, says Keith… Read More >>
Europe Moves to Clarify OTC Derivatives Regulations
(Editor’s note: This is the first in a two-part series on the changing regulatory environment for derivatives trading and processing in Europe. Click Here for Part II – European Regulator Pushes for More OTC Margin and Collateral Requirements While the U.S. is looking toward the next phase of regulatory reform for over-the-counter (OTC) derivatives markets,… Read More >>
New Derivatives Rules to Burden Ops
Josh Brodman must be a little nostalgic for the time—only about a year ago—when the fine print of the clearing and execution reforms for derivatives trading was still being finalized. At the time, he was an operations manager for a multi-strategy, event-driven fund with several billion under management. Life is much different now for Brodman,… Read More >>
Q&A: Kevin McPartland Tackles Cleared Derivatives
FTF News talks with Kevin McPartland, head of the market structure and technology for Greenwich Associates, about why buy-side trading firms will need 12 executing brokers and four clearing partners. McPartland is the author of a recent report “Cleared Derivatives: A Strategic Approach;” analyst Kevin Kozlowski, who specializes in global securities and trading, also contributed… Read More >>
O’Malia and Those Hot-Button Issues
As we reported earlier this week, Scott D. O’Malia, commissioner for the CFTC, was the bearer of bad news about the regulator’s data gathering for its swaps data repository (SDR). Yet in his revelatory speech last week to SIFMA members O’Malia was very forthcoming about other thorny issues that got scant coverage.One of the thorniest… Read More >>
