James Parascandola has more than 10 years credit derivative trading experience in buy & sell side roles and is presently an advisor to OTC derivative market participants assisting firms in navigating the most complex and high regulated environment in financial markets history.
Prior to joining State Street, where Mr. Parascandola lead the build of their CDS clearing platform, James headed credit derivative trading and lead his firm’s effort to become a CDS clearing member at a leading FCM and global broker-dealer. In addition to serving as the firm’s lead OTC derivative representative, James spoke before the CFTC in Washington, D.C. on matters pertaining to OTC derivative regulatory reform. In 2003/04, Mr. Parascandola was one of four individuals who helped create and launch what is now the most widely traded credit derivative index family globally; the CDX family of credit derivative indices, while he headed investment grade index trading at Barclay’s Capital. Over his tenure at Barlcays Capital, Mr. Parascandola made markets in single name CDS as well, rotating through covering multiple sectors covering high yield and investment grade credits. Prior to Barclay’s, James helped build one of the largest credit derivative books in North America (as ranked by outstanding notional by the Office of the Comptroller of the Currency (OCC)) at Banca Commerciale Italiana. Mr. Parascandola began his career at Lehman Brothers working in FI EMG where he built the Country Risk model; which the firm later trade marked and cited as helping Lehman successfully navigate crisis’ in Russia and Brazil.