Swaps
TrueEx Introduces Bunched Swap Orders
The designated contract maker (DCM) says it can now process bunched-order swap allocations in concert with Credit Suisse's futures commission merchant (FCM) arm and LCH.Clearnet's SwapClear service.
Eris Exchange Achieves Open Interest Milestone: What's Next?
The venue's chief operating officer, Michael Riddle, discusses why more of the same is in store. After all, why fix what isn't broken?
TPI, Nasdaq Ally for eSpeed Treasury Data, Sales Deal
Tullett Prebon Information (TPI), the data arm of interdealer broker Tullett Prebon, and Nasdaq OMX have struck a partnership for TPI to integrate benchmark US Treasury bond data from Nasdaq’s eSpeed electronic trading platform into its products and…
Traiana Embeds Reconciliation Engine to Address US Swaps Rules
Traiana has integrated Duco's reconciliation engine so it can reconcile reference data from central counterparties, swap execution facilities and futures commission merchants ahead of the introduction of new regulations for the US swaps industry
NFEA Taps Moscow Exchange FX Fixing for Swap Rates
Russia's National Foreign Exchange Association has announced that from Jan. 9, it will begin using the Moscow Exchange's US dollar-ruble price fixing to calculate the NFEA FX swap rate instead of the current Central Bank of Russia rate.
Backed by Calypso, OTC Clearing Hong Kong Completes First RMB Swap
The non-deliverable forward renminbi seven-day repo swap was executed last week using the financial technology provider's central counterparty (CCP) over-the-counter (OTC) clearing solution and collateral management module.
Citing Tech Concerns, Sifma Pushes Back on SEF Deadline
Sifma has sent out a final plea to regulators to push back next week's swap execution facility (SEF) registration and compliance deadline—largely because technology questions remain.
BGC Partners Joins Cadre of SEF Applicants
The electronic and voice brokerage is the latest in a number of financial services firms to apply to the U.S. Commodity Futures Trading Commission (CFTC) to become a swaps execution facility, or SEF.
CFTC's O'Malia Says Tech Training Wheels Are Off
The only way to face the Commodity Futures Trading Commission's challenges is through robust surveillance automation and analytics. Technology is the bike—the commissioner says the regulator needs to learn to ride.
Infrastructure, Optimization Tools Imperative for New Swaps Execution
A modernized US swaps market portends benefits as well as costs for the buy side. But most of all, experts say, it means building technology that can cope─independently─with change.
PrimeOne Introduces SwapCloud Platform for Buy Side
The prime brokerage services arm of CoreOne Technologies, PrimeOne, says its cloud-based offering will feature a range of swaps products derived from equities, convertible and corporate bonds, sovereign debt and futures, as well as Indian participatory…
The Right Cross: Rate Swaps Nearing Cross-Margining Frontier
As clearing bears down on interest rate swaps contracts, buy-side firms will have to take a close look at dealer efficiency. Modeling knowledge and cross margining infrastructure are good first steps.
Price, Value, Track: Data the Missing Link in Reformed Swaps Execution
The industry is rapidly confronting swap execution facilities (SEFs), but initiatives surrounding lesser-traded contracts and standardization are required to bring to the swaps market true transparency.
Advent Augments Syncova with Collateral Management for IRS
Investment mamangement software provider Advent has announced it will launch a new interest rate swaps (IRS) package for its Syncova platform.
State of the Regulated: CFTC ‘Hopeful' About Finalizing a Torrent of Rules, Definitions
These yet-to-be-finalized rules—which include the definition of a swap—will provide both clarity and controversy as financial institutions work to comply with the regulations and implement new systems and platforms. And the CFTC is not done yet making…
Eris Exchange Taps IPC's Connexus Extranet
Futures exchange will use connection to access wider pool of market participants for its Swapbook trading platform.
CFTC Extends Deadline for Swaps, SEF Regulation Implementation
The regulator's order, providing an additional six months from previously, will see parts of Dodd-Frank Title VII implemented by December 31 of this year.
For Commodities Swaps Dealers, Agenda Moves from Definitions to Reporting
Decomposition and aggregation tools will be needed for trades crossing multiple commodities, as will a flexible framework for potential future rules changes.