Posted on December 5, 2013 by Paul Blank
Just finished listing to an interesting webcast on Global OTC market reforms, and where next after the US and SEFs?
Celent analyst Anshuman Jaswal, gave overview of market, SEF volumes to date, and possible differences in regulatory treatment and approach in Europe and Asia.
Some key points form slide deck and a couple of slides below.
SEF and OTFs are critical components in evolution of the market from OTC non-standardised bilaterally cleared to standardised electronically traded and centrally cleared swaps.
Celent slide on shift to standardised swaps
In terms of SEF volumes Read more »
Filed under: CCP, CFTC, Dodd Frank, OTC, OTF, Paul Blank, SWAPS, Web trading technology | Leave a Comment »
Posted on December 4, 2013 by Paul Blank
EBS sees November FX volumes tick up by 3% to $79.5bln/day from October’s multi-year low of $77bln/day, but still some -23.4% lower than a year ago.
Reuters to report FX volumes later this week.
Filed under: FX, Paul Blank, Web trading technology | Leave a Comment »
Posted on December 2, 2013 by Paul Blank
Despite mobile trading has long been the accepted norm in the retail trading space, banks have been slow to embrace mobile trading for their corporate and institutional clients, with most citing security and compliance concerns.
There have been some exceptions, like JP Morgan’s MorganDirect/Mobile and Deutsche’s Autobahn/mobile which permitted institutional and corporate clients to view live rates, access research see econ calendars, and modify existing orders and are now tentatively allowing trading.
However, with the backdrop of Read more »
Filed under: Paul Blank, Technology Trends, Web trading technology | Leave a Comment »
Posted on November 27, 2013 by Paul Blank
The CFTC has issued temporary no action relief until 14 Jan 2014 for Certain Transaction-Level Requirements (see below for full list) for Non-U.S. Swap Dealers.
This relief comes on the back of concerns raised regarding compliance with certain Transaction Level Requirements by overseas based Swaps Dealers (Non-US SD), who enter into swaps with a non-US person, where those swaps are regularly arranged, negotiated, or executed by personnel or agents of the Non-U.S. SD located in the United States.
Prior to the relief, such transactions required Read more »
Filed under: CFTC, Paul Blank, Regulation, SEF, SWAPS | Leave a Comment »
Posted on November 27, 2013 by Paul Blank
Caplin are at FXWeek Europe today, so if you at the event, please come on over and say hi to the team.
Paul Caplin, CEO will be speaking in the 11.30 Panel discussion on “The future of e-FX: taking advantage of key trends and serving the client“. which will look at:
- Understanding the key systematic trends driving the e-FX market
- Is it possible to have a standalone e-FX strategy?
- How you can take advantage of the booming technological innovation
- The platform debate-which will better suit your needs, SDP or MDP?
- Sourcing low latency, 24 hour liquidity
Paul Caplin (center) speaking at FXWeek Europe panel discussion this morning
Elsewhere, looking at the program, the last panel discussion of the day also looks interesting: View from the top: in conversation with the FX business heads. and includes
Read more »
Filed under: FX, Paul Blank, Single-Dealer Platforms | Leave a Comment »
Posted on November 19, 2013 by Jennifer Reid
A big thanks to Incisive Media for today’s European Trading Architecture Summit (ETAS) at the Canary Wharf Hilton. The Caplin team was kept very busy with a great flow of visitors to our stand, some of whom came to play our Hit the Numbers game while others got a chance to check out a demo of our new FX Motif.
A big thanks as well to Peter Van Kleef (Managing Director, Lakeview Capital) for moderating the lively 11:20 panel “The time is now: a real time trading environment” which featured Caplin Chief Technology Officer Patrick Myles.
Our UX design team representative Shalini Tripathi Read more »
Filed under: Jennifer Reid | Leave a Comment »
Posted on November 19, 2013 by Paul Blank
Speaking at SEFCon IV conference in NY this week, Gary Gensler, Chairman of the CFTC said that Bloomberg, TradeWeb and MarketAxess are failing to provide impartial access as required under SEF rules.
The three main platforms, are giving the banks too much control over who their customers buy and sell with, in an attempt to preserve the existing dealer-client structure, and that they need to come inline with the CFTC equal access rules.
“What they are doing right now is a violation of Dodd-Frank and our rules,” he said at an event in New York. “They need to come into compliance,” he said. The limits at Tradeweb, MarketAxess and Bloomberg LP give an advantage to the dealers who created the swaps market in the 1980s, Gensler said. “They’re trying to keep exclusive to the dealers.”
More here on Bloomberg and Risk.Net and of course from Kevinonthestreet
Separately, Read more »
Filed under: CFTC, Dodd Frank, OTC, Paul Blank, Regulation, SEF, SWAPS | Leave a Comment »