The OTC Space | Tag Archive

DTCC sues CFTC over trade repositories

May 3, 2013 by Mihir Vaidya 1 Comment

DTCC yesterday filed a suit against the CFTC over its March ruling (CME Rule 1001 and ICE rule 211) that sided with exchanges, calling the CFTC ruling as ‘anti-competitive’. The statement from General Counsel Larry Thompson on this matter can be found here, along with the soft copy of the filing. Coverage from FT can […]

CFTC, CME, ICE, News, SDR

cftc, cme, DTCC, ICE

Doctor Tina Speaks | Photo Bombing

April 11, 2013 by Bill Hodgson 0 Comments

Dr Tina Hasenpusch of CME (profile here) was about to have her photo taken in Paris when three people got in the way. They might be myself, Amir and Michael.

News

amir, cme, photo paris, tina

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

Analysis of the new SwapClear – the membership gates are wide open

April 27, 2012 by Bill Hodgson 4 Comments

The membership framework at SwapClear has been in place in the early 2000s, linking the entry criteria to the default management procedure tightly. The announcement yesterday of a heavily revised framework opens the door to many more direct members, provided they can live with the new approach to default. Below I’ve done a rough comparison […]

ccp, clearing houses, clearing member, cme, credit exposure, default fund, eligible collateral, lch clearnet, otc products, rate swaps, swap dealer

CME vs LCH vs SGX, IRS Client Clearing Face Off

March 5, 2012 by Bill Hodgson 2 Comments

Press release from CME on client notionals: http://www.cmegroup.com/trading/cds/online-marketing/otc_update_021312.html CME last week in IRS: $44bn Latest update from LCH on client notionals: http://www.swapclear.com/knowledge/news/press-releases/2012-02-06.html LCH in January: $34bn SGX update: http://www.sgx.com/wps/wcm/connect/sgx_en/home/higlights/news_releases/sgx+market+activities+continue+to+grow+in+february SGX in February: $5bn Interesting – the whole buy-side has yet to on-board in large numbers, CME advertise 1300 client accounts, which is a small proportion of the number […]

CME, LCH.Clearnet, SwapClear

client accounts, cme, investment funds

Javelin and CME clear IRS in less than 2 seconds

December 14, 2011 by Bill Hodgson 1 Comment

Story from the FT, here (subscription I think). The gist of it is: Javelin traded a range of maturities of IRS They sent them to the CME CCP CME cleared them in less than two seconds The article doesn’t give enough detail on whether these were Dealer – Dealer trades, or Client – Dealer trades, […]