In the last couple of days there have been a number of reports on the state of the OTC market, but having read them they feel more like advertisements than anything truly useful.
The first one is from the Tower Group that was presented at the recent SIFMA conference, and has the deadful title of "OTC Derivatives Market Must Move Toward Electronification
to Keep Regulators at Bay". The report basically suggests that more of the buy side should use DerivServ, that there should be more standardisation in equity derivative contracts and that people should be tracking their derivative contracts through the lifecycle. So not much that is new there then...If you want to have a look at the report click here
The next one that I have seen is from Goldensource, the data management company. It is called "OTC Derivatives Spark Need for Buy-side Firms to Revise Data Management Strategies", ... more »
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Thursday, June 12
OTC Derivative Surveys
by
Sean Sprackling
on Thu 12 Jun 2008 09:13 BST
JPMorgan releases automated reconciliation technology for OTC derivatives
by
Sean Sprackling
on Thu 12 Jun 2008 08:32 BST
Source: JPMorgan, 10 June 2008
JPMorgan,
faced with explosive demand for over-the-counter (OTC) derivatives
processing, announced today the launch of a solution designed to help
financial institutions handle higher volumes, lower position breaks and
reduce credit risk. "The trading volumes of OTC Derivatives are expanding exponentially and our clients need better and better tools to provide security against exposures," said Kelly Mathieson, global head of JPMorgan's Collateral Management business. "Accuracy and transparency are crucial to the derivatives marketplace," she said, adding, "Investment professionals can no longer afford the risks associated with manual processing." The amount ... more » |
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