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SEF Volumes for Week 5 | ClarusFT
Following on from our Week 4 Update, we have now published figures for Week 5. A few noteworthy changes: We isolate FRA volumes as these are highly influenced by ICAP Reset and Tullets tpMatch...
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SEF Volumes for Week 6 | ClarusFT
The SEF Volume figures for Week 6 are now in. In this weeks piece, we also look at whether: the Nov 1 expiration of the CFTC No-Action Relief for Clients to have completed paperwork, has resulted in a...
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Weekly Roundup | US Regulation | 25 November 2013
The CFTC CFTC to Shake Up US Swaps Trading Market New guidance from the main US regulator of privately negotiated derivatives is set to test the business models of interdealer brokers, who have long...
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Swaptions Clearing, a more detailed look
Last week at SEFCON IV in NY, CFTC Chairman Gary Gensler in his keynote stated that Swaptions were the largest Interest Rate product not currently being Cleared. This triggered me to think about...
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SEF Volumes for Week 8 | ClarusFT
Week 8 is in the books. For this week, I set out to enhance the SEF reporting to be more similar to the Clarus SDR reporting. That is, I was hoping to be able to readily slice and dice the SEF data so...
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Thoughts on electronic swaps trading
At Capco we have had a few thoughts on the take-up of electronic swap trading in the US and the implications on Europe with their upcoming version of swap trading under MiFIR – which probably will be...
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Weekly Roundup | US Regulation | 3 December 2013
The CFTC Gensler Gives Wall Street Two Months to Meet Overseas Policy The top U.S. derivatives regulator gave Wall Street two months to abide by a new policy imposing Dodd-Frank Act rules on banks...
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Weekly Roundup | US & General Regulation | 9 December 2013
The CFTC Big Banks Look to Reverse New CFTC Rules According to the New York Post, several of the US’s largest banks plan to sue the Commodity Futures Trading Commission (CFTC) over some of the new...
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Weekly Roundup | US Regulation | 16 December 2013
The Volcker Rule Agencies Issue Final Rules Implementing the Volcker Rule Five federal agencies on Tuesday issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street...
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2013, The Year the Swap Market Changed
As 2013 draws to a close, I summarise the major changes in what has been a momentous year in the Swap Market. Trade Reporting Mandatory Clearing Electronic Trading Volcker Rule 2014 and Longer Term...
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