Buyside firms need to leverage technology to stop writing checks to HFT firms with clients's money.
University of Houston finance Professor Craig Pirrong outlines why he thinks mandated clearing and the use of a network of central counterparties (CCPs) for clearing likely will not reduce the risk the way the G20 member countries recently envisioned.
Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.
Platform provider Calypso Technology now interfaces with the Depository Trust & Clearing Corp.s Global Trade Repository service for European Markets Infrastructure Regulation reporting.
A guide to correspondent clearing firms as presented by Clearing Quarterly & Directory.
Commissioner Scott O'Malia of the Commodity Futures Trading Commission (CFTC) is on a mission. He says the process of writing new over-the-counter derivative contract rules needs more transparency. Over the past year he has repeatedly called for more roundtables and public comment on how rules are written. Why is this important? Because these rules, among other things, will determine which OTC derivative contracts must go through a clearing process and which ones can continue to use the old bilateral, dealer-to-dealer model.
The Chicago-based Options Clearing Corp., the largest equities derivative clearing firm, saw record clearing volumes in the first month of 2014.
Longtime Omgeo CEO and president Marianne Brown has stepped down from the Depository Trust & Clearing Corp. subsidiary and will be replaced by Paula Sausville Arthus.
Hedge fund managers, private equity firms and fund administrators looking to manage incoming and outgoing alternative investment data now have a cloud-based choice from SunGard.
IntercontinentalExchange Group's Trade Vault Europe, its European trade repository, processed roughly 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives its first day.