The introduction of SEFs was just one piece of the overall puzzle in the G20 swaps reform mandate. To see
the whole picture, Galen Stops looks at the impact of swaps infrastructure rules on market participants'
workflows and why MiFID ...
Market participants remain concerned about liquidity conditions in markets, but as Colin Lambert reports,
central bankers are less than sympathetic.
If 2016 is the year in which Swap Execution Facilities (SEFs)
ramp up their market presence and seek to take their
As the pace of regulatory reform for the swaps market slows, Galen Stops finds market participants divided
on the impact that SEFs have had on the market.
Ask two different swaps market participants about the
impact that Swap Execution Facilities (...
Since the introduction of SEFs, the liquidity on
these platforms has remained very sticky, with
clear incumbents in each asset class. But
what does the data tell us about changing
liquidity patterns and could competition
be about to heat up ...
The FX industry’s favourite conference returned to Chicago in September, drawing
Close to 600 attendees converged in the Windy City for the
annual Profit & Loss Forex Network Chicago conference
in September to network, tour the exhibition hall and ...
FX continues to gain exemptions from the global authorities. Colin Lambert reports.
Physically delivered FX forwards and
swaps have been exempted in the
final framework establishing the
margin requirements for non-centrally
cleared derivatives, published by
The Basel Committee on ...
As one of the first banks to identify technology as a
differentiator, in hindsight it is no surprise that UBS
became a major prime broker at the same time it became
the first major e-FX bank. The bank, across its ...
Morgan Stanley is taking a new approach to its FX prime
brokerage business that focuses on a “three pillars” strategy –
reversing the “all things to all people” approach put into place
several years ago. Julie Ros reports.
Morgan Stanley’s ...
It is fair to say that HSBC took its time getting into the FX
prime brokerage business, whether to do so or not vexed the
minds of several business heads at the bank before the
decision to go ahead was ...
By focussing on banks, proprietary trading firms, broker-dealers
and funds INTL FCStone is positioned to focus on sectors not
serviced by the traditional players. Julie Ros reports.
INTL FCStone LLC operates in a somewhat unique space
within the FX prime ...