OTC Derivatives ReformSponsored by MarketAxess
Swaps to Futures?
19 September 2012:
TABB's Larry Tabb and Adam Sussman on the CME's newest product: the deliverable interest rate swap future.
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2 Comments to "Swaps to Futures?":
Carveout
20 September 2012
Apparently the exchanges will continue to look for the low hanging fruit to pull instruments "on exchange". It would seem as though the exchanges are in the best position to win from Dodd Frank if they are agile.
Wondering if you're view is that once a SWAP becomes highly liquid that an exchange is going to be able to create a similar structure to pull the instrument or new "like" instrument on exchange. Not sure how other venues are going to fair if the credit costs are significantly lower on exchange.
Anonymous
20 September 2012
What will happen at delivey, for customers, it their FCM is not a member of CME OTC swaps clearing?