(Correspondent clearing provider RQD* Clearing (RQD) recently announced that it is broadening its partnership with broker-dealer TradingBlock to cover clearing and execution for the firm’s active and retail trading lines. In addition, RQD and TradingBlock are collaborating on TradingBlock’s forthcoming retail trading platform. TradingBlock, whose clients include proprietary traders and small hedge funds, was among… Read More >>
Clearing Relief Comes for Small Firms in Europe
Although larger financial services firms or so-called “Category 1” players jumped out of the over-the-counter (OTC) derivatives mandatory clearing starting gate on June 21, 2016, smaller users or “Category 3” firms could be getting a reprieve and see their start date delayed from 2017 to 2019. The deadline has been extended by European Securities and… Read More >>
Swaps Clearing in Europe Catching Up to U.S. Rules
The European Union has set the date for its clearing obligation, bringing European financial reform more into line with current U.S. obligations. The publication of the European Securities and Markets Authority’s (ESMA) regulatory technical standards (RTS) in the Official Journal of the European Union on December 1, 2015 will kick over-the-counter (OTC) derivatives clearing into… Read More >>
Uncleared Swaps Get a Reprieve on Margin Requirements
When regulators recently extended the deadline for the margin requirements on uncleared swaps from Dec. 1, 2015 to Sept. 1, 2016, they gave firms some breathing room, but also sent the clear message that the rules aren’t going away. Firms active in the swaps markets are breathing a sigh of relief, but that shift should… Read More >>
CFTC to Revamp SDR Push as Aite Predicts CCP Woes
CFTC Calls for Comments for New SDR Rules The CFTC is taking its first major step in an overhaul of its swap data recordkeeping and reporting requirements with a call for public comment. The swaps data gathering is mandated by provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This step follows the… Read More >>
