Tuesday, April 23, 2013
Swap Execution Facilities are game-changers. We knew that.
What we didn’t know is how unprepared the industry feels about the arrival of SEFs and regulation dust-settling. In a recent IPC questionnaire surveying the front-, middle-, and back-office, 62% of participating firms said they were not prepared. A number magnified by 36% who said they didn’t even have a plan in place for when the impending SEF-storm does hit.
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Tuesday, October 16, 2012
History is full of examples of crises triggered by unregulated derivatives trading, with the global financial crisis putting the spotlight on the serious inadequacies of the OTC derivatives market and the risks these contracts present to the broader economy. To mitigate this risk, regulatory initiatives, spearheaded by the G20, are now in place to change how they are traded and cleared.
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Thursday, October 11, 2012
Organising an event in Chicago posed certain obstacles but those were far outweighed by the opportunities. I learned that the Chicago market is substantively different from both London and New York, the major bulge bracket firms while no doubt having some presence are not the main cut and thrust of Chicago; smaller and more nimble 'Prop Shops' are the lifeblood of this city. I also discovered that many of these 'Prop Shops' had been founded by ex CME floor traders who wanted to spread their wings a little, and in some cases a lot. Derivatives are what Chicago is best known for and that might have been the original specialty of these creative and adventurous operations, but in 2012 they have a much more diverse portfolio of interests.
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Monday, August 27, 2012
Today, FX markets account for more than $4 trillion in trading volume worldwide. To put it into perspective – that’s more than the annual, combined GDPs of Canada, Spain and Indonesia – traded every day. But what does this vast growth mean at the granular level? How can trading firms exploit this opportunity, taking advantage of unfamiliar ground as it were, while remaining in compliance, staying transparent and, at the end of the day – still making a profit?
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Wednesday, August 01, 2012
The recent drop in China’s GDP growth has raised concerns with many who hoped the country’s economy would underpin a global financial recovery. For China’s government, the speed at which it becomes a ‘new entrant’ in the global financial markets needs to be balanced by its necessity to protect the region’s economic stability.
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Wednesday, June 27, 2012
The Monetary Authority of Singapore (MAS) ushered in a new era for the Asian capital markets in February by issuing a consultation paper on the proposed regulation of over the counter (OTC) derivatives.
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Wednesday, March 21, 2012
In 1967, the American psychologist Stanley Milgram conducted an experiment to determine how many acquaintances it would take to pass a letter between two randomly selected people. He concluded that it took six steps or fewer to connect any two people in the world and coined the term ‘six degrees of separation’. Rapid technological progress and the advent of social networks have further reduced the number of hops required to connect different people and organizations around the globe.
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Thursday, February 16, 2012
What do tulips have in common with OTC derivatives, you ask? Allow me to introduce you to the phenomenon called the Dutch Tulip Mania of 1637. During the height of the bubble in the winter of 1636, tulip traders were making fortunes of over $61,000 adjusted to current U.S. dollars per month. If ever there was a time to begin gardening, this was it.
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Authors
- Michael Speranza, SVP, Product Management and Marketing
- Kevin Acott, SVP, Managing Director, EMEA
- David Brown, SVP, Global Network Operations
- David Dodd, SVP, Managing Director, APAC
- Simon Jones, Senior Product Marketing Manager
- Ganesh Iyer, Senior Product Marketing Manager
- Jonathan Morton, VP Product Marketing
- Matthew Parker, Product Manager, Trading Systems
- Bart Bartolozzi, Senior Product Marketing Manager
- Brett Berkowitz, Senior Manager, Product Management
- Bob Williams, Research Director-Capital Markets Practice, CEB TowerGroup
- David Anderson, RTTRT Program Director, FISD
- E. Paul Rowady, Jr., Senior Analyst, TABB Group
- Tim Carmody, VP, Global Network Engineering
- Matthew O'Donnell, Director, Product Management
- Joe Esposito, Director, R&D Services
Archive
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