TITLE

For Centralized CDS Clearing, More May Not Be Merrier

AUTHOR(S)
KITE, SHANE
PUB. DATE
January 2009
SOURCE
Securities Industry News;1/5/2009, Vol. 21 Issue 1, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of several securities exchanges to launch central counterparty (CCP) services for clearing credit default swaps (CDS) in the U.S. and Europe in 2009. According to some market players, regulators have to approve only one of the solutions, and cited the need for standardization and simplification. It talks about a cooperation between U.S. and European agencies on regulating global clearing initiatives. It cites the influence of an increased oversight on electronic trading of credit derivatives in the U.S.
ACCESSION #
36561124

 

Related Articles

  • Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing of Proposed Rule Change To Amend Certain Credit Default Swap Clearing Rules Regarding Guaranty Fund Allocations, Amendments to Daily Submission Deadline, Holiday Accrual Processing and PAI Payment Timeline O'Neill, Kevin M. // Federal Register (National Archives & Records Service, Office of;3/29/2012, Vol. 77 Issue 61, p19045 

    The article presents information on a proposed rule change filed by Chicago Mercantile Exchange to the U.S. Securities and Exchange Commission (SEC) regarding amendment to credit default swap index products. It states that the proposed rule change has been filed in accordance with the Securities...

  • What the New York Fed Said.  // Securities Industry News;11/6/2006, Vol. 18 Issue 38, p6 

    The article presents a statement issued by the Federal Reserve Bank of New York after a meeting held on September 27, 2006 with credit default swaps dealers and financial regulatory agency officials from the U.S. and Europe. It says that the bank welcomes the developments in the credit...

  • Amex to Test New Options Trading Platform Next Month. Chen, Tanya // Securities Industry News;06/18/2001, Vol. 13 Issue 25, p5 

    Reports the functions of the Amex New Technology Environment (Ante), an electronic trading system of the American Stock Exchange. Support from the existing trading platform; Details in the communication infrastructure selection; Accounts on options exchanges worldwide.

  • Common stock returns on swaps announcements and firms' specific variables. Shahid, Abdus; Sami, Heibatollah // Atlantic Economic Journal;Mar1994, Vol. 22 Issue 1, p91 

    Examines the United States' stock market reaction to equity-for-debt swap announcements. Relationship between common stock price reaction to swapping and variables; Dominant factors influencing common stock price reaction to swaps; Interest expense tax shields; Wealth transfer to bondholders...

  • GFInet Eyes E-Trading For Credit Derivatives. Sandman, John // Securities Industry News;01/22/2001, Vol. 13 Issue 4, p1 

    Reports the efforts of GFInet Group to participate in the electronic credit derivatives trading. Recruitment of Jeffrey Tober as head of the credit derivatives platform; Accounts of Chief Information Officer Russ Lewis on the operations of the company; Presence of a hybrid trading paradigm.

  • A New Global Standard. Darby, Rose // Investment Dealers' Digest;04/17/2000, Vol. 66 Issue 16, p26 

    Discusses the need to improve clearing and settlement systems in the United States. Rise in trading volumes due to globalization and Internet trading; Need to add more trading hours, settle trades faster and provide better linkages with foreign stock exchanges; Diversification of capital...

  • Goldman Launches E-Brokerage Service. Kentouris, Chris // Securities Industry News;10/02/2000, Vol. 12 Issue 37, p4 

    Reports the launching of the electronic trading of securities service by Goldman Sachs International in London, England. Access of online brokers to equity markets; Use of PrimeAccess for clearing services; Expansion plans of the company.

  • SwapsWire on the Verge of First-Quarter Rollout. Sandman, John // Securities Industry News;12/24/2001, Vol. 13 Issue 50, p6 

    Reports the launching of the Swapswire, the electronic trading platform for derivatives. Refusal of Swapswire executives to announce rollout schedules; Capacity for providing vendors with interfaces; Significance of Swapswire on the development of Financial Products Markup Language.

  • Word For Word.  // Traders Magazine;Oct2010, Vol. 23 Issue 315, p16 

    The article presents the views of Doug Rivelli, co-chief executive officer at Pragma Securities, on issues affecting equity trading in the U.S. He believes that the biggest concern in the electronic trading market has been decreasing volumes. He also reveals the impact of high-frequency trading...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics