united-kingdom

Swap margin check in 10 millisecs

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Clarus Financial Technology today announced the release of its CHARM product, for pre-execution or pre-clearing acceptance checks of Interest Rate Derivative trades. CFTC Regulation 1.73 states that Clearing FCMs accepting orders for automated execution on a SEF, need to use automated means to screen orders for compliance with risk-based limits. CFTC Regulation 1.74 establishes STP requirements for FCMs, SEFs and DCOs and notes that a near-instantaneous acceptance or rejection of each trade provides certainty of execution and clearing, reduces costs and decreases risk.

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SDRFix, what do we mean when we say transparent? | ClarusFT

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Following on from my article on SDRFix, a Progress Report Two weeks after launch, I wanted to explain what we mean when we say that SDRFix is publicly available and transparent. The publicly available, requires no deep explanation. However transparent is a much used word in our industry and often open to wide interpretation. For our interpretation, please see

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Cross Currency Swaps in Swap Data Repositories

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In the majority of my previous articles on what we can see in SDRs, I have focused on Interest Rate Swaps and in particular Cleared Interest Rate Swaps. In this article, I will look into an Uncleared (Bi-lateral) product, namely Cross Currency Swaps. For my observations on this reported trade data, please click Cross Currency Swap trades in SDRs.

 

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Secretive start-ups eye uncleared OTC risk reduction | Risk.net

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Whilst much of the attention has been on CCPs, in the background new services are emerging to respond to the coming increase in cost and margin for un-cleared OTC business. Risk provides a brief insight into two particular firms, one in the UK and one in the US which aim to provide a wholly new approach to processing OTC business.

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USD Swap Prices on SEF platforms

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Following on from my article SEF, Oct 2, What does the SDR Data show? I wanted to take a further look at what else we can observe in SDRView. In this article, I am going to look at USD Swap Volumes and Prices on SEF platforms.

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Cape Cornwall

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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

 

 

 

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The week that was (Dazzling Derivatives; issue of 2nd September 2013)

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Dear all,

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Substituted compliance between EMIR and Dodd Frank | Read the small print

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The weeks that were (Dazzling Derivatives; issue of 26th August 2013)

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Dear all, the "Dazzle" had a one-week hiatus - but is back this week in full swing and with loads of worthy information. Have a look through the headlines - and enjoy your week. Tom Financial News will hold a free webinar on "Preparing for trade reporting and the phasing in of post-G20 reforms of the derivatives market".

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Angelica and Bees

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The Angelica gigas has finally popped it's flower heads - they've been emerging slowly over the past few weeks. Our garden is bee friendly, you can see why in the photos. Bill. (click to enlarge) [gallery type="rectangular" ids="6457,6458,6459,6460,6461"]

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