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As part of its efforts to encourage transparency in the swaps market, the CFTC developed a Weekly Swaps Report, which provides a detailed view of trading activity in the swaps market.
Many buy-side traders would like more opportunities to trade in blocks. But most current solutions have inherent limits in how much block trading they can facilitate.
As part of its efforts to encourage transparency in the swaps market, the CFTC developed a Weekly Swaps Report, which provides a detailed view of trading activity in the swaps market.
The buy side will need to deposit approximately $2 trillion in cash and other eligible assets at central counterparty clearinghouses in order to meet the new clearing requirements for swaps.
CDS Trades Jump on SEFs (The Trade) The Great Trading Bake-Off Hots Up (Financial News)
SEFs have introduced an entirely new workflow to the OTC trading environment, and it’s not without its issues. Growing pains must be addressed for this market to mature and grow.
There are a lot of OTC derivatives clearing providers screaming for recognition in the marketplace, but nothing speaks louder than true industry validation.
CFTC enforcement has been extremely focused on segregated accounts and secured funds issues … and not just those that involve fraud. There have now been 11 actions related to segregated accounts issues over the past two years that involve back-office operational or clerical errors.
Buy-side firms and commercial clients need transparent trading and liquidity data from swap execution facilities in order to make informed decisions and navigate the new OTC swap trading landscape. But the lack of industry-wide standards on reporting SEF volumes is hindering firms from formulating an effective, efficient SEF strategy.
Imagine you had the last five years of derivatives market reform on DVR. If you could fast-forward past the requests for public comment, rule delays and angst, would you have guessed that we’d be where we are today?