September 2013

'News' More than a footnote | SEF October 2 CFTC deadline headaches 23 September 2013 | Jon Skinner

Previously SEFs and market participants assumed the SEF mandate would come in in a somewhat manageable fashion for a subset of clearing mandated products ("required transactions") with obligations only really biting for C2D trading late Q4 / early

'Articles' 10 Things You Need To Know About The European Market Infrastructure Regulation (EMIR) 21 September 2013 | Bill Hodgson

A commercial law firm Nabarro LLP has put together a short Q&A on EMIR, answering the following questions:

'News' CME Enjoy Trade Volume Growth in OTC Clearing 20 September 2013 | Bill Hodgson

CME saw a 62% increase in trade volumes in September, nice for them.

'News' Eurex OTC Clearing Member Growth Continues 20 September 2013 | Bill Hodgson

Eurex are steadily signing up members for their OTC clearing services, the current list looks like this:

'News' iOS 7 on the iPad | Don't Go There (Yet) 19 September 2013 | Bill Hodgson

I have an iPad 3, and the new iOS 7 is pants. There's a keyboard delay / lag bug, and the general response to swipes is unreliable. There's plenty of discussion on-line about the issues, it's an iDisappointment that doesn't "just work".

'News' LCH Selects LSE UnaVista for Trade Reporting 18 September 2013 | Bill Hodgson

LCH Group will be meeting their EMIR requirements for trade reporting by delivering data to UnaVista, a service from their parent company the LSE.

'Articles' Has ETD Reporting Really Been Delayed? | No Confirmation from the European Commission 16 September 2013 | Bill Hodgson

In a story a while back I was probably over-selling the request by ESMA to

'News' Mandatory Clearing, Sep 9, a whimper not a bang? 16 September 2013 | Amir Khwaja

The third (and final) phase of mandatory clearing under the Dodd-Frank Act began on Sep 9, 2013. See the CFTC announcement.

'News' Cape Cornwall 15 September 2013 | Bill Hodgson

Click to enlarge, good as a desktop background (Large download though)

A view from near Cape Cornwall looking south towards Sennen, with Longships Lighthouse visible on the horizon




'News' SDRFix, a new index for a post-reform world | Clarus Financial Technology 11 September 2013 | Bill Hodgson

London, September 11, 2013 – Clarus Financial Technology today announces SDRFIX, a new index for a post-reform world. The SDRFIX index is based on actual transactions data sourced from the US Swaps Data Repository (SDR), DTCC DDR.

'Articles' SEFs: Who's joined the party? 09 September 2013 | Amir Khwaja

Nearly 2 weeks ago, Tullet Prebon announced their SEF filing with the CFTC, which inspired me to do some research into the SEF registrations to date.

'Articles' With Final Clearing Countdown, Competitive Landscape Takes Shape :: TabbFORUM - Where Capital Markets Speak 06 September 2013 | Bill Hodgson

Interesting commentary on the relative rates of growth in Client Clearing volumes at LCH and CME. Free with registration, or first click free.

'News' SEF registrations to date 05 September 2013 | Bill Hodgson
'Articles' Real-time reporting of Swap transactions 04 September 2013 | Amir Khwaja

Swap Data Repositories are required to publicly disseminate derivatives transactions in real-time, with real-time defined as "as soon as technologically practicable".

'News' ISDA Annual Conferences 01 September 2013 | Ben Larah

The agendas for this year's ISDA conferences look very interesting. Links can be found below:

August 2013

'News' CCPs and Systemic Risk | Craig Pirrong 30 August 2013 | Maria Leontiou

This morning I came across the paper "A Bill of Goods: CCPs and Systemic Risk" by