Fixed income and OTC derivatives

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/Fixed income and OTC derivatives

Dodd-Frank will push 60% of OTC volumes to central clearing

The Dodd-Frank Act will lead to around 60% of current US over-the-counter (OTC) derivatives market by volume being cleared centrally, according to Citi.

/Fixed income and OTC derivatives

Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

/Fixed income and OTC derivatives

Thomson Reuters moves to meet bank uncertainty over OTC rule shake-up

Thomson Reuters has set a mid-2012 deadline to get its trading platforms ready for forthcoming OTC derivatives regulations, as it releases research which shows clear bank unease at the uncertain impact of the new rules on front and back office operations.

/Fixed income and OTC derivatives

CFTC sets out new market manipulation rules

The Commodity Futures Trading Commission is to push ahead with a tranche of new rules governing market manipulation and large trader reporting under the Dodd-Frank financial reform act.

/Fixed income and OTC derivatives

Banks push FIX for fixed income trading

The world's biggest sell-side banks have formed a working group to push the adoption of FIX connectivity for fixed income trading.

/Fixed income and OTC derivatives

Derivatives legislation moves nearer in Europe; could face delays in US

A European Parliament committee has given its backing to legislation that will see more derivative trades settled through clearing houses. Meanwhile, on the other side of the Atlantic, US lawmakers have moved to delay the implementation of their own new derivatives rules.

/Fixed income and OTC derivatives

EC launches antitrust probe into CDS market

The world's biggest investment banks are being investigated in two European Commission antitrust probes into the credit default swaps (CDS) market.

/Fixed income and OTC derivatives

European OTC market far smaller than claimed - study

Around 16% of European share trading is over-the-counter (OTC), far less than claimed by stock exchanges, according to a study from the Association for Financial Markets in Europe (Afme).

/Fixed income and OTC derivatives

CFTC Commissioner Chilton hits out at proposals to delay financial reform

CFTC Commissioner Bart Chilton has hit back at Republican plans to delay for 18 months all rulemakings involving derivatives under the Dodd-Frank financial regulation law.

/Fixed income and OTC derivatives

CFTC to explore reference data repository for derivatives

The Commodity Futures Trading Commission is contemplating the creation of a new 'Division of Market Data Collection and Analysis' to keep pace with computer-based trading and reduce its reliance on the exchanges it regulates for data dissemination.

/Fixed income and OTC derivatives

European exchanges hit out at broker networks

Europe's exchanges have hit out at plans to create a new type of trading venue category as part of MiFID's overhaul, warning the proposal will cause an "irreversible race to the bottom" for regulation.

/Fixed income and OTC derivatives

Canadian and US clearing firms explore swap link

The Canadian Derivatives Clearing Corporation (CDCC) has inked a memorandum of understanding with New York Portfolio Clearing (NYPC) to build a link for the Canadian swap market.

/Fixed income and OTC derivatives

Central clearing for OTC derivatives 'unlikely to reduce systemic risk' - IMF paper

Regulatory moves to force OTC derivative trades to go through central counterparties could just shift systemic risks to these CCPs and lead to more tax payer bailouts, according to a working paper published by the IMF.

/Fixed income and OTC derivatives

ISDA issues RFP for commodity derivatives trade repository

The International Swaps and Derivatives Association (ISDA) is calling for the creation of a commodity OTC derivatives trade repository by January.

/Fixed income and OTC derivatives

CME to start European clearing in May

The Chicago Mercantile Exchange is set to start clearing over-the-counter derivatives in Europe in May.

/Fixed income and OTC derivatives

LCH.Clearnet opens SwapClear FCM service; CFTC meets opposition to swap execution timetable

Europe's LCH.Clearnet has launched its clearing service for non-bank users of interest rates swaps in the US, with twelve futures commission merchants (FCM) onboard.

/Fixed income and OTC derivatives

Iosco supportive of switch from OTC to exchange-based trading

Moves to force trading in derivatives away from over-the-counter markets to exchange and electronic platforms will be broadly beneficial in increasing competition, transparency and risk oversight, according to a report prepared by international regulatory overview body Iosco

/Fixed income and OTC derivatives

Vega-Chi MTF gets £1.6m Octopus investment

Investment management firm Octopus has invested £1.6 million in Vega-Chi, an electronic trading platform dedicated to European convertible and high-yield bonds.

/Fixed income and OTC derivatives

Industry clamour over MiFID II proposals grows louder

The Futures and Options Association has added its voice to the growing industry clamour over 'needlessly oppressive' pending market reform proposals from the European Commission.

/Fixed income and OTC derivatives

HFT makes up 77% of UK market - Tabb

High-frequency trading accounts for over three quarters of transactions in the UK equity market, according to research from Tabb Group.