Collateral optimization is a buzzword used to describe a variety of techniques that aim to reduce the cost of collateral supporting trading activity. This is important for all sell-side and buy-side market participants given the various regulatory changes that increase the amount of collateral required to support trading activity, the increasing number of collateral movements to be processed and the additional strain on liquidity from regulatory capital changes. The goals of collateral optimization differ by firm, geography and sector but at their core, translate into a number of common problems.
After months of rumour and speculation, The European Commission has today finally spoken out on the delay of MiFID II. The Commission has announced a 1-year extension to the implementation, making the new deadline 3 January 2018.
Whether you’re getting ready for a ski trip, or hoping to see the green shoots of Spring soon, a little time away from your desk could be just what you need to inject some life into your career.
Modern banks operate booking processes and structures that are staggeringly complicated and often antiquated. Some banks even use systems that use imperial pounds and shillings, which seems odd given many staff would not have been alive when they were in use.
This video explains “Realised” and “Unrealised” profits and losses, key concepts in derivatives trading. Furthermore, this equation drives portfolio compressions.
New answers from ESMA on:
For senior-level executives throughout the futures, options and cleared swaps industry, FIA’s International Futures Industry Conference (Boca) is the must-attend event of the spring.
If you’re looking to sell to European traders or global Exchanges, The Trading Show 2016 will offer you the perfect opportunity to meet, network and do business in a fun and inspiring environment. As a registered OTC Space reader, you can book this event using a 10% off discount code, available at the bottom of the announcement.
TSAM brings together senior decsion-makers and analysts alike, from a broad blend of large asset managers and smaller investment boutiques. Hundreds of your peers from across the buy-side landscape gather at TSAM annually for the most comprehensive summit in Europe. As a registered OTC Space reader, you can book this event using a 20% off discount code, available at the bottom of the announcement.
The final Regulatory Technical Standards (RTS) for large parts of MiFID II/MiFID were published shortly before the writing of this article. These rules will have an impact on many Investment Companies and other financial institutions, and will have a significant impact on their business models as well as day to day operations.
In less than one year, “Blockchain” has become the buzzword in various financial institutions and on the trading floors with the potential to become the biggest Fintech innovation to date.
MA's recently published white paper, ‘A Bridge Over Troubled Waters’, explains their approach to these complex business issues and how to get the best from your trade reporting operations.
Join FINCAD’s Richard Weeks, PhD and Phil Hermon, Director of OTC Products at CME Group for a seminar on building models for accurate valuation and understand how to improve derivatives pricing precision under a multi-currency framework with practical examples.
The 2008 financial crisis revealed many weaknesses in the global risk management and regulatory environment. From a market risk perspective the regulators’ first attempt at remedying some of the perceived deficiencies was the “Basel 2.5” rules (formally the “Revisions to the Basel II market risk framework”), issued by the Basel Committee on Banking Supervision (BCBS) in 2009.
Eurex Clearing offers a new incentive programme "Expand Liquidity" which grants fee incentives to all Clearing Members and Registered Customers for their OTC Interest Rate Swap business.
When I first delved into EMIR back in 2012, the importance of ‘equivalence’ didn’t even cross my mind, least of all how the global bit of all this OTC swap reform was going to play out. Given the complexity of what had just landed in your lap, why would it?!