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January 4, 2013
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  Top Stories 
  • OCC signals banks will have more time to wall off swaps trading
    U.S. companies that engage in swaps trading and receive federal deposit insurance are required under the Dodd-Frank Act to spin off some swaps trading into a separate branch. However, the Office of the Comptroller of the Currency says that if banks ask for a transition period, the request will be "considered favorably." Reuters (1/3), Bloomberg (1/3) LinkedInFacebookTwitterEmail this Story
Margin Savings up to 90% for Cleared OTC IRS vs. Futures
90% is no small number - especially when it comes to margin savings. Market participants have been actively utilizing portfolio margining of Cleared OTC IRS and Eurodollar and Treasury futures, and total risk reductions now account for over $1 billion in initial margin savings - figures that remain unparalleled in the industry. Click here to learn more.
  Regulatory Roundup 
  • Traders say real-time swaps disclosure needs improvement
    In theory, this week marks the beginning of mandatory real-time disclosure of certain types of swap trades thanks to new Commodity Futures Trading Commission rules. However, the CFTC is still allowing delays of up to several hours until it finalizes the regulations. Traders say that makes the data roughly on par with that already available through various subscription services. The Wall Street Journal (1/3) LinkedInFacebookTwitterEmail this Story
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  Industry Developments 
  • Brokers' revenue is at stake as U.S. swaps rules take effect
    U.S. swaps rules are expected to drive some business away from brokers and to exchanges, shifting hundreds of millions of dollars of revenue. "It is going to be tough for the brokers. The exchanges are huge with deep pockets and they are not the types of companies you'd want invading your space," says Simmy Grewal of Aite Group. Reuters (1/3) LinkedInFacebookTwitterEmail this Story
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  Electronic Trading News 
  Commodities and Managed Futures 
Beware the fury of a patient man."
--John Dryden,
British poet, critic and playwright

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