Global OTC Market Reform: Where Next After the US? -- Webcast
CLICK HERE to listen to the archived webcast
When it comes to over-the-counter derivatives, the central question of their move to an electronic basis is no longer one of if they will, but when. The US has begun its own regime with the introduction of swap execution facilities (SEFs), but that was hardly without issues. Eyes are beginning to turn to Europe, with its organized trading facility (OTF) analogue, and further afield to Asia-Pacific, where the field is vastly more complex. Given G20 mandates and the need for harmonization in trade practice, it seems inevitable that most standardized derivatives contracts will be traded electronically in the future, but how can the wider world learn lessons from the painful birth of SEFs, and how will technology evolve to cope with the new environment?
-- Added Value: How will collateral and risk management continue to be affected by the global proliferation of electronic trading in derivatives, and what are the technology approaches towards efficiently managing these challenges?
-- Lessons Learned: What does the roll out of SEFs in the US potentially teach us about the eventual introduction of OTFs into Europe? Can markets there avoid the frustrations of both the buy and the sell sides that have been experienced in the US?
-- Looking East: While the US and the EU, through the Dodd-Frank Act and EMIR/Mifid respectively, have their templates for electronic derivatives trading established, can Asia-Pacific realistically create a regional template, given the idiosyncratic nature of regulations in each component nation?
-- Global Operations: For firms that trade markets across the world, how will the particulars of each regulatory jurisdiction affect how they approach connectivity, clearing, reporting, compliance and other areas of derivatives-market activity in terms of technology infrastructure, communications and software?
Speakers:
* Neil Monaghan, Global Head, OTC Clearing Client Service & Solutions, CITI
* Anshuman Jaswal, Senior Analyst, CELENT
* Nathan Jenner, COO- Fixed Income Electronic Trading, BLOOMBERG
* Barry Smith, Global Exchange SME, Financial Services, EQUINIX
* Moderator: James Rundle, Deputy Editor, WATERSTECHNOLOGY
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Artificial intelligence, like a CDO, needs to learn from its mistakes
The IMD Wrap: The value of good data professionals isn’t how many things they’ve got right, says Max Bowie, but how many things they got wrong and then fixed.
Symphony looks to cloud, AI for enhanced trader voice
The communication and collaboration platform provider is utilizing modern technology to grow its network of services and users.
Observations and lessons to learn from the move to T+1
The next few years will see other jurisdictions around the world look to North America for guidance on transitioning to shorter settlement cycles.
As US options market continued its inexorable climb, ‘plumbing’ issues persisted
Capacity concerns have lingered in the options market, but progress was made in 2024.
Doubts raised over new FX platform disclosures
New disclosure sheet template will require platforms to outline how they charge for data
Expanded oversight for tech or a rollback? 2025 set to be big for regulators
From GenAI oversight to DORA and the CAT to off-channel communication, the last 12 months set the stage for larger regulatory conversations in 2025.
DORA flood pitches banks against vendors
Firms ask vendors for late addendums sometimes unrelated to resiliency, requiring renegotiation
IPC’s C-suite shuffle signals bigger changes for trader voice tech
Waters Wrap: After a series of personnel changes at the legacy provider, WatersTechnology examines what these moves might mean for the future of turrets and trader voice.