OTC Derivatives ReformSponsored by MarketAxess
Exploding the Top Three Urban Myths about the Derivatives Market
12 October 2012:
Fidessa's Steve Grob breaks down some common misconceptions about the derivatives industry and explores the likely impact of new regulations on the space.
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1 Comment to "Exploding the Top Three Urban Myths about the Derivatives Market":
triesack
15 October 2012
Hey Steve, very good performance - an actor lost to Hollywood for sure :)
I wholeheartedly agree on you demystifying those myths around derivatives. For us, working in this industry, it is all to clear that there is a 97,5% functioning risk transfer market underway. And it is also clear that there are those fringes where fraudsters (and I would put Peregrine and MF Global in that category) as well as predatory HFT's take their share in this huge business.
Will incoming regulations put an end to such fringe activities - well, maybe to those, regulators are aware of now. But as "sure as death and taxes" fringe activities will survive and even possibly strive for some time until loopholes and regulatory arbitrage have been adressed.
I dare to say that the complexity of regulations will open up opportunities for the swift and nimble to exploit - for better or worse, that's to be seen.
Looking forward to reading (or seeing) more of you, Tom
PS. if you ever happen to be in Frankfurt, give me some advance notice - would like to exchange ideas...
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