The OTC Space | Category Archive

MF Global Failure and the Benefit of Integrated Collateral Management | 4sight.com

April 5, 2013 by Bill Hodgson 1 Comment

Some interesting analysis on the demise of MF Global: http://dealbreaker.com/2013/04/mf-global-report-shows-limits-of-the-just-write-all-your-positions-on-post-its-method-of-risk-management/ The article suggests that MF Global had trouble meeting margin calls on its repo to maturity funding for its peripheral Euro sovereign bond portfolio and that: “Unlike other financial institutions, the Company did not have a collateral management database to guide Treasury and Operations Department […]

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 […]

Woodbine Associates report on Collateral Management systems and vendors

October 10, 2012 by Bill Hodgson 0 Comments

A new report from Woodbine Associates, a consulting firm, covers the state of software systems available today. The report summary is here and lists the vendors covered, it looks comprehensive.

Collateral Management, Systems, Vendors

Deutsche Bank Clearing Services

February 6, 2012 by Bill Hodgson 0 Comments

I came across this long PDF from Deutsche Bank which explains a great deal about the evolution of clearing, across OTC rates & credit, and into FX & futures. There have been some developments since this was published, but overall it’s a useful document. The document originates from http://dbclear.com/

Publication, Vendors

deutsche bank, futures, otc

Eurex sponsored page at the FT

December 16, 2011 by Bill Hodgson 0 Comments

Just came across this: http://eurex.ft.com/ a high level description of their planned OTC services, similar to this post I wrote a while back. The footnotes are small and hard to read, so I have shown them here and added hyperlinks: 1 See http://eurexchange.com/trading/eurexotc_en.html for an outline of EurexOTC Trade Entry service. In 2010 over 774 million contracts […]

Central Counter Party, Eurex, Vendors

eligible collateral, otc derivatives, otc services

RiskArt – the OTC processing platform hiding in Italy

December 9, 2011 by Bill Hodgson 0 Comments

I was contacted via LinkedIn by Gerrard Mahony at Riskart in Milan, and had a short discussion about their company, which along with Consultancy and Training has a full scale platform for processing OTC trades. In 2009 I was part of a selection process for an OTC processing platform and we looked at many (or […]

Vendors

GMI supports SwapClear

November 23, 2011 by Bill Hodgson 0 Comments

http://www.derivsource.com/articles/sungard-supports-us-otc-interest-rate-swaps GMI is a leader in providing a platform for connecting to exchanges for Futures, so the fact they support SwapClear moves them into new territory pitting them against traditional OTC platforms like Calypso and Murex. Whether their platform is capable of supporting a wide variety of OTC products such as Credit, Equities, FX etc […]

GMI, Sungard, Vendors

MarginSphere opened up (automated margin calls)

November 17, 2011 by Bill Hodgson 0 Comments

For some time now ISDA, it’s members and AcadiaSoft have been working to eliminate the manual part of margin calls – people, emails and FAX. Making a margin call is now more critical than ever, and relying on unstructured methods isn’t good enough. AcadiaSoft have developed a messaging standard and infrastructure to automate the process, […]

Vendors

Sapient Nitro go viral accidentally

November 15, 2011 by Bill Hodgson 0 Comments

If you haven’t noticed, the video below has gone viral, and getting a wide variety of coverage, generally not the sort you’d want. For instance, http://www.shortlist.com/cool-stuff/virals/video-worst-promotional-video-ever

Non Banking, Vendors