September 2013

'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

'News' Segregation and Portability Achieving compliance with EMIR | LCH Clearnet 29 August 2013 | Maria Leontiou

LCH has just published a document which provides an overview of the models that, subject to regulatory and other approvals, they intend to introduce across all services provided by both LCH.Clearnet Ltd and LCH.Clearnet SA.

'Articles' SEFs Come of Age | Current Status of SEF Applicants and Their Products 28 August 2013 | Amir Khwaja

Since the finalisation of the SEF rules by the CFTC there has been a rush of activity by players to register as a SEF and gather support from dealers.

'News' Site Live: CloudMargin - The future of collateral management 21 August 2013 | Bill Hodgson

More details about a new entrant to the Collateral Management market are now available at their website below.

'News' NASDAQ OMX Zoom into Second Place in European Rate Swap Clearing 19 August 2013 | Bill Hodgson

OMX put out a press release on their IRS volumes and revealed they have a healthy trade flow, plus they are providing their members with a cross-margining solution for IR products beyond anything on offer at any other OTC IRS CCP.

'News' Deus Ex Macchiato » Firms Could Lose IM in a Default 13 August 2013 | Bill Hodgson

A new CPSS-IOSCO consultative report puts forward a proposal for using non-defaulting clearing members IM to cover losses at a CCP. D.E.M.

'Articles' SDR View, Capped Notional Changes 13 August 2013 | Amir Khwaja

Those of you that read my blog post SDR, Block Trade Rule, 30 July Update will know that from 30th July, we moved from the interim

'News' Swaps clients plan US bank exodus | Reuters 13 August 2013 | Bill Hodgson

Feedback I've heard more than once is that non-US firms are avoiding trading with US firms as a strategy to avoid the CFTC Dodd Frank regulations. This story from Reuters provides flavour around that idea.