The OTC Space | Category Archive

Catalyst issue guidance on CCP margining

April 3, 2013 by Bill Hodgson 5 Comments

Putting a spotlight on the challenges presented by Initial Margin algorithm changes at SwapClear and Eurex In recent months, both SwapClear and Eurex have indicated that they will overhaul their margining algorithms, posing significant new challenges for all users of OTC derivative CCPs. Catalyst Development Limited, a specialist consultancy with one of the world’s largest […]

New CEO for Eurex | Thomas Book

March 25, 2013 by Bill Hodgson 0 Comments

Thomas has been at Eurex for some time, and I worked for him on the launch of their CDS Clearing service. Deutsche Boerse AG : Eurex Clearing Supervisory Board appoints new Executive Board members | 4-Traders.

Eurex

CEO, Thomas Book

Exclusive: Deutsche Börse EMIR Reporting Service: TREMIR

March 7, 2013 by Bill Hodgson 1 Comment

Exclusive to The OTC Space for now, a new reporting service from Deutsche Börse to facilitate accurate reporting of ETD and OTC business executed or cleared within the DB group. I think this sheds some light on why NASDAQ OMX are offering a service, the diagram on page 13 shows how ETD and OTC business will […]

Eurex clearing progress

February 14, 2013 by Bill Hodgson 0 Comments

A comment from Eurex on the CCP status page, copied below: Eurex Clearing launched its EurexOTC Clear for IRS service on 13 November 2012. Since then, we have added 12 Clearing Members and 5 Registered Customers (buy-side firms) – with the first client trades taking place earlier this month. A full list of all our […]

Central Counter Party, Eurex

Yet more CCP status updates

November 29, 2012 by Bill Hodgson 2 Comments

Based on feedback from people out here in Singapore, and more research, my CCP status chart now has added items: Two new CCPs added, one for IRS & NDFs, the other for NDFs only. Two dates moved, updates from public sources but also from research Correction on the notional on one CCP, they were 10 […]

ccps, notional, sdrs

CCP and SDR Status Sheet as of Nov 27th

November 27, 2012 by Bill Hodgson 2 Comments

I’ve updated some charts on the status of the OTC market infrastructure: The status and notionals of CCPs using the latest data from their websites US & EU Swap Data Repositories Asia and rest of the world SDRs The CCP chart is shown below, but due to Movember, something went wrong when I uploaded it. […]

data repositories

Nov 13th: Eurex IRS goes live

October 30, 2012 by Bill Hodgson 0 Comments

Long PDF (582 pages) here which is mainly a black-line version of their rules and regs. IRS, FRAs, OIS, Basis Swaps. Eurex will be aiming to capture European business with their market leading individual segregated account solution and aiming at the many buy-side firms who will need a way into clearing as the EMIR / […]

Central Counter Party, Eurex

ccp, clearing houses, derivatives, irs, otc derivatives, rate swaps

CCP Score Sheet as of October 2012

October 16, 2012 by Bill Hodgson 10 Comments

It’s been a while since I updated my popular chart with the current notionals at the various CCPs. New entrants to this months chart include: JSCC for IRS off to a quick start with $42bn Data for CME and LCH on NDFs IDCG became SwapClear US KDPW with concrete plans to launch next month Eurex […]

clearing houses, cme, derivatives, eurex, irs, lch clearnet, murex, otc derivatives, progress report, rate swaps, software platform

Dealer Support for Eurex OTC Clearing

September 30, 2012 by Bill Hodgson 0 Comments

This will be old news to most of the major banks (and Eurex of course), but I found the note that says which banks are working with Eurex to launch OTC clearing, the answer being: Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan and Morgan Stanley. This came from a page here. Click on […]

Eurex

bnp paribas, clearing member, credit suisse