July 2015

'Articles' The eternal Greece of the financial engineer’s mind 13 July 2015 | Nick Dunbar Feed

Exactly 12 years ago I wrote about a Greek disappearing act: how in 2001 the country concocted a swap deal with Goldman Sachs to conceal almost €3 billion of debt from its national accounts, to help meet Maastricht ratios.

'News' A strategic approach to trade reporting? What's New? 09 July 2015 | Bill Hodgson

There seems to be a growing consensus from Banks, Consultancies and Vendors that MiFID2 reporting will be very hard.  Importantly avoiding the mayhem associated with EMIR will require a much more strategic approach than either EMIR or Dodd Frank.

'News' New Market Infrastructure For Bilateral Margin Regulations 08 July 2015 | Bill Hodgson

Leading Global Banks, Service Providers and Market Infrastructures Create New Hub for End-to-End Margin Processing. This announcement follows on from Project Colin, pictured here.

'Events' Derivatives Post Trade Processing & Liquidity Management: A City & Financial Conference 07 July 2015 | Samantha Hodgson

The morning sessions will focus on post trade processing for derivatives, while the afternoon sessions will cover liquidity in the new regulated market. A 20% discount is available to OTC Space readers, see bottom of the article for the code.

'Articles' Banks team up for OTC swaps utility 07 July 2015 | Financial Times | Clearing and Settlement Feed

World’s biggest swaps dealers create infrastructure hub to cut down on swaps trading disagreements

'News' Pressure builds on ESMA to reveal proposed MiFID standards 06 July 2015 | Energy Trading Regulation Feed

Following the statement made by Steven Maijoor, chair of ESMA, at the Economic and Monetary Committee last month, no information has been published on many of the proposed changes to MiFID II/MiFIR that could affect the commodities market.

'Articles' Grexit – are you ready for the operational effort? 03 July 2015 | JDX Consulting Feed

With Greece now in “arrears” with the International Monetary Fund (IMF), albeit not an “event of default”, but the recurring negotiations between the Eurozone governments and the Greek Government failing to reach agreement, the risks of a Greek ex

'Articles' Job swap: got what it takes? 02 July 2015 | Penny Davenport Feed

Job Swap A lot of people I work with t

June 2015

'News' The History of CME and ICE in a Cartoon | Mentions Streetwise Professor 30 June 2015 | Bill Hodgson

An instructive cartoon on the foundations of ICE and CME

'Articles' Greek Legislative Act on the Special Bank Holiday : What You Can Pay, What You Can't and the Fines 29 June 2015 | Bill Hodgson

The government act restricting banking activity has a heavy outcome for mistakes made on payments.

'News' OTC Derivatives and Grexit: ISDA Briefing and Background Materials 29 June 2015 | Bill Hodgson

With the current situation in Greece becoming even more critical, what could 'grexit' do to your OTC derivatives portfolio?

'News' 28Jun/Don't let the unthinkable become the new normal, says BIS in 85th Annual Report 28 June 2015 | BIS Feed

BIS press release on the presentation of the 85th Annual Report, 28 June 2015. There is something deeply troubling when the unthinkable threatens to become routine ...

'News' Deloitte partners with Recommind to launch new data analysis tool for OTC contracts 25 June 2015 | Bill Hodgson

A new partnership to transform OTC documentation

'Articles' Synthetic Finance Whitepaper: Target Operating Models and Technology Challenges 24 June 2015 | Martin Seagroatt

4sight Financial Software and consultancy The Field Effect have published a complimentary whitepaper on Synthetic Finance using equity swaps such as total return swaps and portfolio swaps.

'News' Hasenpusch to take helm at CME Europe 24 June 2015 | The Trade News Feed

CME Clearing Europe has appointed Tina Hasenpuch as its new CEO, taking over from Lee Betshill who is moving to its US arm.

Bill: Well done Tina...

'Articles' EurexOTC Clear - Enhanced Netting & Compression Services for the Buy Side & Sell Side 24 June 2015 | Byron Baldwin

EurexOTC Clear Enhanced Netting & Compression Services - Buy Side and Sell Side alike will be able to benefit from the introduction of Fee Netting and Rate Blending compression functionalities to bring down the gross notional position of an IR