Category Archives: Clearing and Settlement

Valuation Considerations for Illiquid OTC Derivatives

Guest Contributor: Matthew McFarland, Director, Business Development, CBOE Mandated clearing of certain interest rate swaps and credit default swaps was recently completed with the addition of Category 3 participants on September 9.  While the advent of mandatory clearing presents several challenges, … Continue reading

Posted in Buy-Side, Clearing and Settlement, Compliance, Derivatives, Guest Blog, Operational Risk, Regulation | Tagged , , , , , , , , , | Leave a comment

Clearinghouses, the Fed and “Bailouts”

Guest Contributor: Michael Walinskas, Chief Risk Officer, OCC The financial crisis of 2008 saw excessive risks in the over-the-counter market and lead to governmental intervention in a “Wall Street bailout” while listed markets and their central counterparty (CCP) clearinghouses performed … Continue reading

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The Future of Post-Trade Derivatives Processing

Guest Contributor: Laurent Jacquemin, executive vice president, post-trade derivatives, SunGard’s capital markets business In the derivatives industry, significant, year-over-year transaction volume growth has become the norm. With high-frequency trading driving up the volumes of trades to hundreds of thousands or … Continue reading

Posted in Back-Office, Clearing and Settlement, Derivatives, Guest Blog, Operational Risk | Tagged , , , | 1 Comment

What Did We Learn from the Credit Crisis?

Guest Contributor: Nick Jackson, Partner , Capco We are currently experiencing unprecedented volatility in the markets and are potentially  on the brink of another systemic failure … only 3 years on since the last one.  We have rogue traders out … Continue reading

Posted in Clearing and Settlement, Derivatives, Guest Blog, Regulation | 1 Comment

A Truly Canadian Solution?

Guest Contributor: Steven Grob, Director Group Strategy, Fidessa The merger mania in the exchange space took another twist last week when a consortium of Canada’s largest banks and pension funds put forward an alternative offer for TMX in an attempt … Continue reading

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The Mysterious Role of the Clearinghouse

The idea of the clearinghouse is fairly simple. A clearinghouse acts as a middle man who will insure a financial transaction between two market parties. This definition may be simple enough, but in reality a clearinghouse is far more complex … Continue reading

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Fragmentation v Consolidation

Guest Contributor: Steve Grob, Fidessa Seems like equity and other capital marketplaces are going through the ying and yang of fragmentation and consolidation. Just as we hear about another merger, we read about another new venue going live or more … Continue reading

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Achieving Operational Efficiency and Automation by Making New Friends

Recently we have seen financial technology providers joining forces with each other in order to create better solutions and processes that will keep financial institutions compliant with the new regulations we all face. Just last week, we saw the DTCC, … Continue reading

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Another OTC Marketplace Moves Toward CCP Clearing

Guest Contributer: Jim Binder, Director, Public Relations, The Options Clearing Corporation In the aftermath of the financial crisis, and through the regulatory reform efforts it led to, central counterparty (CCP) clearing has drawn a lot of attention as a way … Continue reading

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The CFTC Gives the CME Group a ‘Time Out’

According to an article in the Financial Times last week, the CFTC is frustrated with the CME Group in what seems to parallel a typical adult/adolescent disagreement that arises when new rules are put in place. The disagreement stems from … Continue reading

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