An instructive cartoon on the foundations of ICE and CME

With adjustments to Basel III nearing completion, it's not clear whether client clearing ROE can be rendered sustainable by clearing fee increases alone.  Here I

According to a story at eFN, ICE have made their chess move to position themselves to compete with a combined ETD & OTC clearing offering.

Since CME and Eris Exchange launched their swap-futures contracts in late 2012, the number of exchanges offering (or planning-to-offer) their own variations of the swap-future

My latest article in the Calypso Ci Magazine is out, where consideration is given to the competitive position between the five big Exchange / Clearing

OTC Clearing is the most complex business that I have been involved with in over 10 years in the Financial Services Industry. Complex due to

A number of significant trends have been in place since the Lehman insolvency and the G20 Leaders summit at Pittsburgh in September 2009. The G20

Clearing Houses Criticise Push for More Transparency Clearing houses have pushed back against plans by global securities regulators to force more transparency into the industry,

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

Josh at SFM / Finadium has uncovered a potential competitive advantage for US CCPs, click to read more (free registration may be required) Could US CCPs