Tag: OTC trading

Gloves Come Off at SEFCON V

The era of good feelings definitely is over for the over-the-counter (OTC) derivatives market judging by the tone of the conversations at yesterday’s SEFCON V. “It’s to be expected,” said  a beaming Chris Ferreri, chairman of the Wholesale Brokers’ Association Americas (WBAA) and who hosted the event. “Last year, we all were trying to accomplish the same thing.…

Kevinonthestreet: FX Futures Volume Set to Rise

It’s only a matter of time before more investors move away from foreign-exchange (FX) swaps to FX futures, according to the latest research from Kevin McPartland, head of market structure and technology advisory service at analyst firm Greenwich and friend of the blog. He attributes the coming migration due FX swap’s higher regulatory and margin…

SEF Volumes Likely to Ramp Up in Early 2014

Javelin SEF is the first swaps execution facility (SEF) operator to submit a list of potential instruments that the electronic trading platform would like to “make available to trade” to the US Commodity Futures Trading Commission (CFTC), Bloomberg’s Silla Brush reported on October 19. Greenwich Associates’ Kevin McPartland, who is quoted in the story, offers…

CFTC Heats Up SEF Approvals

I’ve spent far more time today updating The SEF Scorecard than I originally intended. Little did I know that HTML and Cascading Style Sheets (CSS) are twin works of Satan, but more on that later. Bloomberg started the summer as the first SEF operator to receive temporary registration from the US Commodity Futures Trading Commission…

SEFs Pending HFT Pains

Okay, this post’s title is a little misleading. I doubt that any trader would to apply the standard high-frequency trading strategy, which constantly pennies orders throughout the day but does not leave any open positions at the end of the day, when it comes to over-the-counter (OTC) swaps trading. What has garnered my attention is…