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Counterparty

High-frequency traders add value to the foreign exchange market, says Bank of England

Although the effects of high-frequency trading activity should continue to be monitored, the practice adds value to the foreign exchange market, according to a senior Bank of England official.

Hedge Funds Review | 22 May 2012secure

needforspeed

Eurozone crisis and low interest rates driving up collateral, says Isda survey

Continued problems in the eurozone as well as low interest rates are increasing collateralisation in over-the-counter derivatives market, affecting 71% of trades, says Isda survey.

Hedge Funds Review | 03 May 2012secure

Audio: Exchange clearing of OTC derivatives likely to reduce counterparty risks for hedge funds

The move to more standardised OTC derivatives as products go to exchange clearing could reduce counterparty risk but may also hit hedge fund strategies reliant on customised vehicles.

Hedge Funds Review | 30 Apr 2012 | screening image

Emir rules will be binding from 2013, says EU official at Risk Annual Summit

Time is not on the side of the European Securities and Market Authority (Esma) as it draws up technical standards for European market infrastructure regulation (Emir), says EC official.

Hedge Funds Review | 22 Mar 2012secure

CFTC votes to accept rules ending controversial FIA-Isda trilateral give-ups

Final rule forbids documentation revealing identities or limiting counterparty choice. The give-up agreement was designed to tackle the risks of trades being executed but failing to clear.

Hedge Funds Review | 21 Mar 2012secure

Systemic risk implications of ETFs and impact of ETFs on their underlying markets

Although exchange traded fund (ETF) trading is unlikely to threaten financial stability, OTC derivatives and securities lending operations do have relevance for systemic risk assessment, says research.......

Hedge Funds Review | 09 Feb 2012

Dealers agree terms for standard contingent credit default swap trades linked to indexes

Development of an index-contingent credit default swap product will help market participants hedge counterparty risk, say proponents. CCDS pays out after a credit event on a reference entity.

Hedge Funds Review | 09 Feb 2012secure

Repo market changes stymied as taskforce set to disband without delivering key reform

Concerns expressed by New York Fed about intra-day credit and tri-party repo market (valued at $1.67trn in late January) should be tackled by JP Morgan, BNY Mellon and DTCC, says industry taskforce.

Hedge Funds Review | 07 Feb 2012secure

Czech central bank and other EU members concerned over extended Esma powers

National supervisors should be responsible for their domestic institutions, says Czech National Bank. CNB is worried about power balance between member states and EU regulator Esma.

Hedge Funds Review | 02 Feb 2012secure

Central counterparties should have last word on OTC clearing, says Futures and Options Association

Supervisors should not be able to force clearing houses to accept certain classes of OTC derivatives, says Futures and Options Association's chief executive Anthony Belchambers

Hedge Funds Review | 19 Jan 2012secure

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