Further to pushing eTrading offshore through footnote 88 of its SEF rules, another footnote (195) was clarified by CFTC to demand SEFs become a central source of paper ISDA master agreements for non-cleared products executed on their platforms - says a Risk article (subs. required).
Bloomberg's announcement Wednesday published in the FT(subs. required) that it is going to allow sponsored access into its SEF may be another key step in the emergence of agency execution as a new way for buy side firms to trade swaps.
We now know nearly everything we need to know about the SEF go live schedule (apart from what the outcome will be on packaged trades). Here's a handy summary.
If you are a firm who is not yet prepared for reporting all derivatives (that means ISDA OTC and Exchange Traded) to a Trade Repository, here's some emergency steps you can take:
Chicago, February 11, 2014 – Clarus Financial Technology today announces the release of SEFView, its new service for tracking Swap Execution Facility (SEF) volumes.
First CCP announces readiness for the start of EMIR Trade Reporting.
State of the art collateral management systems delivering STP connectivity out of the box.
Banks' withdrawal from principal market making is in turn driving investors from corporate bonds to CDS indices to trade or hedge credits
In a press release (PDF) announced today, IOSCO announced their publication of a consultation report on the Code of Conduct Fundamentals for Credit Rating Agencies (PDF).
A research paper from ISDA here (http://www2.isda.org/functional-areas/research/research-notes/) explains how much progress has been made in clearing Interest Rate produc
ISDA have built their own charting and analysis site using the data from the DTCC SDR, an example is below and there is a regular blog with analysis of the market.
Over at the Swaps Report they have made it easy to figure out which products are mandated to be traded on a SEF in the US. At some point something similar may happen with OTFs in Europe.
OpenGamma is the only next-generation risk technology company in the industry.
ISDA backed up December survey opinon with a January cleared transaction volumes analysis to show that CFTC's SEF rules already shifted D2D IRS volume offshore from the US.
In a press release published today, ISDA announced that the release of the 2014 Credit Derivatives Definitions will be pushed back until September 2014.
I really can’t believe we are just a fortnight away from EMIR Reporting go-live date. It feels like time has flown since my last post on the 18th December on this very topic.
If you weren't aware, the CFTC now publish aggregate data based on the trade data submissions on OTC products to the DTCC, ICE and CME SDRs on a weekly basis.
In the FT Thomas Krantz formerly secretary-general of the World Federation of Exchanges, lists many questions about the wisdom of moving the OTC market into clearing, but poses questions that