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Tag Archives: collateral

Global debt understated by $13 trillion – BIS; Exchanges concerned about CAT hacking risk John Lothian Newsletter,Newsletter

First Read Hits & Takes Leslie Rosenthal, former CBOT Chairman and co-founder of RCG, has passed away. Details are below. Our condolences to the family, friends and associates of this great man on his passing. ~JJL If you would care to share a reflection on Les Rosenthal’s life and contributions to the futures industry, please email me at Reflections on the life of Robert Wilmouth can be found HERE. We still welcome contributions of reflections for Mr. Wilmouth as well.~JJL Over the last three weeks, the September-December E-mini Russell 2000 calendar spread traded 1 million times. Current open interest…

Kevin Wolf, Eris Exchange – Market Structure Change Presents Commercial Opportunity Exchanges, OTC & Clearing,Feature,MarketsWiki Education,MWEd,Mwiki,Video

“When I worked at Lehman, periodically people would tell me that I looked like Dick Fuld, and I thought that was pretty cool, especially when I was rising up in the ranks. I don’t find that amusing anymore.” The fall of Lehman Brothers ushered in a period of regulatory change, with one of the goals being to trim the use of OTC swaps and instead have more centrally cleared products. Given the huge size of that market – at the end of 2014 there was $400 trillion notional outstanding – this regulatory shift presented an opportunity. That’s where Eris Exchange…

John Lothian Newsletter: Inside the Secretive Circle That Rules a $14 Trillion Market; Carlyle-Owned Hedge-Fund Firm Hands Investors a Big IOU; SEC Takes Tougher Stance on Enforcement John Lothian Newsletter,Newsletter

First Read US banks hit out at collateral rules on derivatives trade Joe Rennison and Ben McLannahan – FT Banks are reeling after rules finalised by US regulators, aimed at reducing the risk of trading esoteric derivatives, are set to increase trading costs and further hit deteriorating fixed income business. ***** Here is how this is going to hurt the futures business. The collateral rules will reduce the capacity of firms to be able to take on new business in the case of a default of another firm at the clearinghouse. One of the key elements to making clearinghouses…

Byron Baldwin of Eurex Discusses OTC Clearing, Portfolio Margining and Individual Segregation Interview,Regulation,Video

Byron Baldwin is senior vice president of buyside relations for Eurex. He moved to New York from Eurex’s London office to in February 2011 in order to promote the firm’s listed products, connectivity for high frequency trading firms, and to promote Eurex’s move into OTC clearing. Baldwin spoke with John Lothian News Editor-at-Large Doug Ashburn about regulatory changes across jurisdictions, mandatory clearing of OTC derivatives, margin and collateral efficiency and Eurex’s individual segregation model.

Ted Leveroni of Omgeo Discusses Collateral Requirements Under Dodd-Frank Interview,Regulation,Video

Ted Leveroni is the Executive Director of Derivatives Strategy and External Relations for Omgeo, a financial services company specializing in post-trade operations such as trade allocation, confirmation and settlement for investment managers, broker/dealers and custodians. John Lothian News Editor-at-Large Doug Ashburn spoke with Leveroni about collateral requirements under new regulations, and how firms are responding with innovation in collateral efficiency.