Posted on January 29, 2012 by Scott McLeod
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: Continue reading
Filed under: CCP, CFTC, Dodd Frank, Latency, OTC, OTF, Regulation, Scott McLeod, SEF, Single-Dealer Platforms, STP | 4 Comments »
Posted on May 20, 2010 by Jennifer Reid
On March 31, Deutsche Bank electronically traded and cleared an off-exchange interest-rate swap on behalf of a hedge fund client in what it termed “one seamless move.”
The development may mark the first time an over-the-counter interest-rate swap has been handled electronically from order to clearance, for an institutional buyer.
The trade was executed on Deutsche’s proprietary, single-dealer electronic trading platform, called Autobahn. The transaction was confirmed over Markit Wire, the confirmation-affirmation “matching” service of MarkitServ.
Read more at Securities Industry News
Filed under: Single-Dealer Platforms, STP, SWAPS | Tagged: best execution, SDP, single-dealer platform, STP, Swaps | Leave a comment »