Kevin McPartland of the Tabb Group hosted a Fixed Income event last Tuesday in New York. According to our sources, the event was hugely oversubscribed – not surprising given Tabb Group & Kevin’s focus and insight on Dodd-Frank and itss intended and unintended consequences.
According to Wall St & Technology, one of the areas of discussion was understanding how clearing will function so that execution risk is mitigated. In short, if a trade is done through a SEF, that trade is not complete until the clearer has accepted it. Which means that the counterparties (or their clearing agent/FCM) are still at risk until the acceptance has happened. Hence the focus on how that risk can be mitigated.
The proposals fall into two groups: (more…)
Filed under: CCP, CFTC, Dodd Frank, Latency, OTC, OTF, Regulation, Scott McLeod, SEF, Single-Dealer Platforms, STP | 4 Comments »
