On the campaign trail for the Democratic presidential nomination, candidate Bernie Sanders has been hammering away at Wall Street and its impact upon the economy, calling for the return of the Glass-Steagall Act, the breakup of large banks, and other reforms that he says go further than the Dodd-Frank Act. However, the proposed changes from… Read More >>
CFTC Targets the Op Risk of High-Speed Trading
The CFTC last week unanimously proposed new rules to cut risks related to high-speed trading via the algorithms used by designated contract markets (DCMs). Some analysts say the rules will give the regulator more tools to deal with this key aspect of derivatives trading. However, others caution that the regulator should not put forth rules… Read More >>
Bigger Volumes Meet Fewer FCMs
Fewer futures commission merchants are handling greater volumes of U.S. customer segregated funds compared to a decade ago, resulting in 75% of these funds being held by 10 major FCMs, reports John P. Needham, president of Needham Consulting, in his presentation for FTF’s DerivOps Chicago conference this week. The segregation of funds stipulates that broker-dealers… Read More >>
FTF News Prediction #3: The Industry Faces A Rocky Road to the New World of OTC Trading
(Editor’s Note: This story is running in our first-ever FTF News Winter/Spring digital issue that features our top five predictions on industry trends that are likely to be the focus for many securities operations and technology professionals throughout 2013. We will be running our prediction stories from the digital issue throughout the Spring. The digital… Read More >>
State Street and OTC Processing
State Street is spreading the word about its end-to-end package for processing over-the-counter (OTC) derivatives—which includes middle and back office services—just as OTC reforms are likely to cause buy-side firms to choose between a best of breed or an integrated suite approach for the operational tapestry to come for executed and cleared OTC instruments. As… Read More >>
