A new ISDA survey explain the flows of margin for cleared and uncleared OTC products
As of January CME had $66bn of notional in cleared OTC credit products compared with ICE with a combined total of $1.5trn. The only other firms to offer clearing for OTC credit are LCH and JSCC with $42bn and $8bn respectively. Bill.
2017 has been difficult for those at Goldman Sachs who are accustomed to being at the forefront of US trading firms.
Updated ISDA SIMM model coming later this year
Deutsche Börse and Illuminate Financial Management LLP have co-led in a US$5 million Series A funding round in RegTek.Solutions Inc., a leading multi-jurisdiction regulatory reporting solutions provider.
The most recent edition of the Journal of Securities Operations & Custody (Volume 9 Number 4) features an article by Lloyd Altman entitled “What a year: MiFID II/MiFIR, EMIR RTS, SFTR and SEC SBS”.
The annual Bürgenstock meeting in 2017 is a three day event run by ICDA, the second oldest futures industry association in the world. OTC Space Registered Readers can access a 15% discount to this event.
Six months ago, the industry was facing the possibility of real disruption.
We have brought our EMIR-Ready offering to life in the video below.
Back when CCPs had to achieve reauthorisation under EMIR, their segregation offerings were a subject of much discussion and jargon.
Discover 11 useful tips for navigating compliance with the uncleared margin rules, and results from our peer benchmark survey.
Bidding is not gratis. In the old days, a bidder needed to stay around on the trading floor to wait for someone to "bite." An economist would call this the opportunity cost of his time.
Tuesday 08 August 2017 11:18
This paper – Smart Contracts and Distributed Ledger – A Legal Perspective – outlines a possible near-term application of a smart contract for derivatives, and highlights the importance of a more formal representation of certain legal clauses and actions within the ISDA Definitions to enable them to be represented and executed via smart contract code.
At the end of May, I wrote a derivatiViews post laying out ISDA’s ambitious vision for the future of derivatives market infrastructure.
A new partnership in advance of MiFID II Reporting between RegTek.Solutions and Deutsche Börse
The latest batch of CPMI-IOSCO CCP disclosures are out for Q1 2017. We look at Initial Margin across Rates and FX. The Top 10 banks post $14bn across three CCPs. This gives us an insight into the cost of funding a trading business.