The OTC Space | Tag Archive

Vote: Plans to replicate CCP IM Calculations

January 29, 2013 by Bill Hodgson 5 Comments

In the Exchange Traded Market, firms often use software like GMI or Rolfe & Nolan to replicate and reconcile the amount of IM a CCP calls for. In the OTC market this means having your own tools to run a Historic VaR, or similar IM model. My own opinion is that sooner or later users […]

Central Counter Party, Initial Margin

ccps, Initial Margin, otc market, otc products

Back on Sept 17th

August 31, 2012 by Bill Hodgson 0 Comments

I’ll be here for a while, lets hope the OTC market keeps going without me

Non Banking

otc market, outdoors, weather

MarkitSERV now feeding confirmed trades to the DTCC Trade Repository

January 24, 2012 by Bill Hodgson 2 Comments

Interesting new data connection in the OTC market. Provided you opt-in, MarkitSERV can now send your confirmed OTC trades to the DTCC Glorious Trade Repository (GTR) in the UK. The US Trade Repository is waiting for CFTC approval to begin operations. Due to issues covered elsewhere, the US repository will be for US data only, […]

otc market, ccp, markit, bilateral contract, bilateral trade

Does the OTC Market need clearing?

January 23, 2012 by Bill Hodgson 0 Comments

Ricky Maloney at Ignis Asset Management posted a question on LinkedIn “Does the OTC market need clearing?”, you can see the progress of the discussion using this link here (membership of LI and the CCP Group required), or read the PDF here (as of 23rd Jan).

Dodd Frank, Execution, ISDA

anonymous basis, credit derivatives, derivatives trading, isda master agreement, mf global, otc market

Mild blog post says “Barack Obama is an antichrist” and links him to GS & OTCs

January 18, 2012 by Bill Hodgson 0 Comments

A mild mannered blog post I came across here makes links between President Obama, Goldman Sachs, the OTC market, and the arrival of the anti-Christ. I always wondered if the anti-Christ would do chat shows before destroying the earth. I’ve watched the Omen parts 1 2 and 3, there weren’t any OTC derivatives mentioned either, […]

News

barack obama, financial calamity, goldman sachs, otc derivatives, otc market, revelation chapter 6

ISDA to the G20: “Standardize This”

January 11, 2012 by Bill Hodgson 0 Comments

ISDA have highlighted the sentence in the G20 commitments that makes less sense than some, namely “All standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end-2012 at the latest.” For anyone involved in the OTC market for the past 10 years we’ve […]

derivative contracts, electronic trading platforms, fpml, otc market, otc products

Michelle Neal at Nomura suggests large dealers won’t join JSCC

December 14, 2011 by Bill Hodgson 0 Comments

In this article from Reuters, based on discussions at the FIA conference in Singapore, Michelle Neal, global head of electronic markets, futures and OTC derivative clearing at Nomura, said “I could envisage a situation where other banks that are big clearers today may decide not to join the Japan CCP (central clearing counterparty) for example“. […]

Central Counter Party, Featured, News

michelle neal, national boundaries, national currency, otc market, otc products, rate swaps