Search
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.
The rise of SEF trading over the past 12-plus months has made for a crazy year. In fact, there hasn’t been a year quite like it in the past 20 years of OTC derivatives. Here’s a look at the major milestones – and a few predictions for the next 12 months.
SEFs went live last October, and swaps trading hasn’t been the same since. After months of speculation and anxiety, the initial round of Made-Available-to-Trade (MAT) determinations came into effect in February, and for certain swap contracts, SEF trading stopped being an option and became a legal obligation.
Investor fears over continuing geopolitical tensions and the sustainability of economic recovery have been mounting up in the second half of 2014.
Tradeweb once again picked up the trophy for Best Fixed Income Trading Platform at the Financial News 2014 Awards for Excellence in Trading & Technology, Europe.
Yesterday’s events reminded everyone, everywhere of what trading in ‘08 and ‘09 was like.
Cross-border regulations aimed at moving bilateral, over-the-counter (OTC) swaps onto exchange-like venues and through central clearing have created additional concerns over the risk that also will move into the heart of a wider market ecosystem.
Things are heating up in the corporate bond e-trading kitchen. After almost two years of gathering the ingredients, the market may be on the verge of finally concocting the stew.
If you needed any further evidence of the long and winding road that derivatives reform has taken since the days when the Dodd-Frank Wall Street Reform and Consumer Protection Act was beginning to take root, look no further than SEFCON.