Tag: FIA

Propping Up the US Dollar Through OTC Clearing

Maybe it was attending the FIA Expo NY yesterday or hearing a number of buy-side firms complain about having to post initial margin for their cleared OTC trades, which still sounds like an oxymoron to me, but I’ve wondered who really benefits from these cleared trades. To clear these trades through a central counter party, investors will…

How Sacrosanct is Matching Engine Design?

Since covering the electronic trading markets for more than a decade, convention wisdom on matching engine design has been keep it simple, scalable and dedicated to matching. Any other ancillary functions should hang off the engine but not incorporated into the engine. However at today’s FIA Expo NY, Mayur Kapani, vice president, trading technology at the…