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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.
It is becoming much more expensive for firms to hedge their interest rate exposures using swaps, and existing swap futures may not be suitable for the buy side’s hedging needs. GMEX is betting its new constant maturity swap future product can fill the void.
After months of speculation, European Central Bank (ECB) president Mario Draghi said yesterday that the bank’s policy makers were “comfortable with acting” as early as next month to fight low inflation.
For banks to preserve their profit margin in the new world order of mandatory central clearing, it is imperative to understand the cost of clearing. But that can be a daunting task.
The CFTC issued on May 1 deadlines for the implementation of made-available-to-trade requirements for packaged swaps transactions, dashing dealers’ hopes for permanent relief from the mandate. The new rules will demand changes in the relationships between dealers and customers.
We’re proud to share that our very own Billy Hult has been recognized by Boys Hope Girls Hope for his support of young scholars to rise above at-risk situations and excel academically! At the 2014 Annual Vision of Hope Awards Dinner, Billy will receive the Vision of Hope Award, speaking alongside fellow honorees Bradford Gioia, Headmaster of Montgomery Bell Academy and Tom Coughlin, Head Coach of the New York Giants.
MTS Spans Atlantic with ETF Initiative (Financial News)
Compared with direct clearing members, clearing brokers face higher charges from CCPs, service providers, settlement banks, and CSDs. They also operate at a higher cost, with both client and house transactions to be managed.
Derivatives Clearing in Europe Takes Shape (FTSE Global Markets) Senate Democrats Plan June Confirmation Vote for 3 CFTC Nominees (Bloomberg)
Cost is becoming a more important driver in profitability. Here are 4 ways firms can cut the cost of central clearing.