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OTC trading is still seeking a suitable home under MiFID II. Without one, markets might lose this liquidity permanently.
Since the launch of our swap execution facility, Tradeweb Markets has had a twenty fold (20x) increase in trading volume.
In my recent blog, USD MAC Swaps: A Closer Look, I noted that once the September roll into the December contract was complete, the cumulative volume of this would provide an interesting in-sight into how large the USD MAC Swap market really is. In this article, I will look to establish this.
The Bureau of Labor Statistics said on September 5 that the U.S. economy had added 142,000 jobs in August - an eight-month low - despite a falling unemployment rate of 6.1%.
Geopolitical risks and soft economic data were a recurring theme in September. Tensions in the Middle East and Ukraine intensified, while in Europe, Scotland voted in a referendum to remain in the United Kingdom with a majority of 55% to 45%.
The following data is derived from trading activity on the Tradeweb European-listed ETF platform from 1 July to 30 September 2014.
With mandatory central clearing being worked through in Europe, there are, at the time of writing, 13 approved CCPs (central counterparty clearing houses) approved under the European Market Infrastructure Regulation (EMIR).
TrueEx has begun marketing various post-trade services (PTS) to the client community, and it has made me realize there is potentially a lot more to SEFs than just a place to go execute a swap.
Compression has become a topic du jour for the financial technology trade press. Wall Street & Technology recently reported that compression-style trades have “skyrocketed,” while GlobalCapital inked a headline citing “compression usage spikes,” and Markets Media reported that “swap compressions hit $500 trillion.” Clearly, there’s a trend here.
Compression has become a topic du jour for the financial technology trade press. Wall Street & Technology recently reported that compression-style trades have “skyrocketed,” while GlobalCapital inked a headline citing “compression usage spikes,” and Markets Media reported that “swap compressions hit $500 trillion.” Clearly, there’s a trend here.