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OTC

EMIR Refitted?

Cassini Systems partners with SmartStream to help firms meet Uncleared Initial Margin obligations

London and New York – March 20th, 2019 – Cassini Systems, the leading provider of pre and post trade margin analytics for buy side derivatives trading, today announced its partnership with SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.

Cassini Systems Named Best Trading and Execution Platform of the Year in HFM US Hedge Fund Technology Awards 2019

New York and London – February 8th, 2019 – Cassini Systems, the leading market provider for pre and post trade analytics for derivatives trading, has been named Best Trading and Execution Platform of the Year in the HFM US Hedge Fund Technology Awards 2019.

ESMA proposes ‘no-deal Brexit’ rule change for novation of uncleared OTC derivatives

The European Securities and Markets Authority (ESMA) has published a final report with draft regulatory technical standards (RTS) on the clearing obligation under the European Market Infrastructure Regulation (EMIR).

In the event of a no-deal Brexit, the report proposes a limited exemption in order to facilitate the novation of certain non-centrally cleared OTC derivative contracts to EU counterparties during a specific time-window.

Charles River Forms Business Alliance with Cassini Systems to Automate Margin Estimation

A Progress Report on OTC Derivatives Trade Repositories

This white paper assesses progress against G20 goals and proposes recommendations to further improve the global reporting framework for the OTC derivatives market. It highlights that substantial work remains in the areas of data consistency, aggregation and access in order to be able to effectively monitor and reduce systemic risk and advocates the exploration of opportunities to leverage new and emerging technologies.

Download Whitepaper

Defining systematic internaliser under MiFID II

With only 3 months left before the implementation of MiFID II, on 28 August 2017 the European Commission published a delegated regulation which added to the definition of a systematic internaliser.  Under MiFID I, the SI regime was limited to equities transactions but, under MiFID II, it has an increased scope.  A systematic internaliser is an

The quest for a transparent global financial market

One of the many weaknesses that the financial crisis exposed was the feeble transparency framework in financial markets.  In response, MiFID II and MiFIR built on the regulatory agenda of the G20 by aiming to strengthen the transparency framework of markets in financial instruments, including OTC trading. Building on MiFID I, the second incarnation extends

DSB Floats a New Payment Plan for OTC ISINs

Swaps dealers and other financial firms which need international securities identification numbers (ISINs) for over-the-counter derivative contracts will pay for receiving the codes based on one of three new categories they select from a new pricing model released by the Derivatives Service Bureau (DSB), being launched by the Association of National Numbering Agencies (ANNA). The […]

Semantics: the key to finance’s food chain

The regulators that oversee the economy are drowning in oceans of data, but need better standards to make sense of it all. The struggle stemming from the lack of standardised data was clearly visible in 2012 when the Commodity Futures Trading Commission (CFTC) needed to trace the so-called ‘London whale’, a trader who accumulated Credit

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