August 2017

'Articles' Bidding by HFTs and non-HFTs 15 August 2017 | Albert Menkveld Feed

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.

'News' ESMA updates its MiFID II guidelines on transaction reporting, order record keeping and clock synchronisation 08 August 2017 | ESMA Feed

Tuesday 08 August 2017 11:18


'Articles' Unlocking Value via Process Standards 02 August 2017 | ISDA Feed

At the end of May, I wrote a derivatiViews post laying out ISDA’s ambitious vision for the future of derivatives market infrastructure.

'Articles' CCP Disclosures: How much does it cost to run a trading business? 01 August 2017 | ClarusFT Feed

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.

July 2017

'Articles' The Dog and the Boomerang: in defence of regulatory complexity 27 July 2017 | Bank Underground Feed

Joseph Noss and David Murphy

'News' The future of LIBOR 27 July 2017 | Financial Conduct Authority Feed

Speech by Andrew Bailey, Chief Executive of the FCA, at Bloomberg London.

'News' BNY Mellon research finds collateral pressures impacting most buy-side institutions, with many experiencing rising trading costs 19 July 2017 | Bill Hodgson

This comes from a press release but the report makes for interesting reading, PDF attached below.

'Articles' The CFTC Roadmap and Christmas 2019 19 July 2017 | Alan McIntyre

On Monday the 10th of July the CFTC published this roadmap that gives a view of the trail leading to Christmas 2019. It might only be the start of Q3, 2017 but this ten-page document means we can take a sneak peek under the tree and see what the 2019 Christmas pressies contain.

'Articles' CME Group Announces First Cleared Korean Won and Indian Rupee Interest Rate Swaps Trades, Amid Rising Costs in Bilateral Swap Market 19 July 2017 | CME Feed

CME Clearing US adds Korean Won and Indian Rupee, currencies not yet cleared at SwapClear.

'Articles' DerivSource Article on Dodd Frank: No Foot off of the Transparency Pedal 18 July 2017 | RegTek.Solutions Feed

Lynn Strongin Dodd’s July 13, 2017 Article “Dodd Frank: Scale of Change Remains Uncertain”, covers all aspects of the regulation in light of the new Administration’s stated position to dismantle it.

'News' ESMA issues final standards for publication of derivatives data 10 July 2017 | ESMA Feed

Anyone who has tried to use the data made public by TRs subject to EMIR will know that the format and approach make the data nealry impossible to use across TRs or with the data from the US SDRs.

'Articles' Margin Requirements for Uncleared Derivatives Update 05 July 2017 | Nick Stafford

The race to be ready for the bi-lateral margining of OTC derivatives is reaching its closing stage but there is still work to be done. As the February Initial Margin (IM) deadline has passed and the March Variation Margin (VM) deadline looms, many firms are still not ready. There may be a method for some entities to continue trading without posting IM until August 2017.

June 2017

'Articles' CCP Recovery and Resolution 28 June 2017 | Michael Wellenbeck

On November 28th, 2016, the European Commission (EC) has published a proposal for a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, and (EU) 2015/2365l1. This regulation is based on the work at the international level of the Financial Stability Board (“FSB”), the Basel Committee, Committee on Payments and infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO). FSB published in August 2016 a discussion note on “Essential Aspects of CCP Resolution Planning” and jointly with the Basel Committee, CPMI and IOSCO, a progress report on the work plan to enhance the resilience, recovery planning and resolvability of CCPs2.

'Articles' Buyside Challenges: start of a seismic shift to a new era? 14 June 2017 | John Lund

The buyside have faced many challenges over the last few years, but 2017 is shaping up to be a vintage year.  And just like several bottles of Châteauneuf-du-Pape, this year is likely to leave a very large hangover.

'Articles' TheTradeNews Video – The Future of RegTek 09 June 2017 | RegTek.Solutions Feed

During the FIA’s 2017 IDX Conference, RegTek.Solutions CEO Brian Lynch was asked his opinion regarding the impact that regulations will have on theBrian</body></html>