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Firms

  • May

    Has interoperability arrived in derivatives? 16 May 2013

    Galen Stops looks at the tie up between the DTCC and Euroclear and asks if it could pave the way for interoperability in the derivatives market.

  • Why CTAs might be miscalculating their risk 13 May 2013

    Recent research shows that CTAs need to factor in autocorrelation to accurately estimate the risk of their portfolio, writes Galen Stops

  • April

    The changing dynamics of proprietary trading 23 April 2013

    Regulatory changes are forcing firms at every point of the trade cycle to re-evaluate their business models. Proprietary trading houses are no exception, finds Galen Stops.

  • FX options: front and centre 17 April 2013

    Stringent regulations and tight deadlines are heating up the world of FX options trading. But Rob Gray at Dion Global Solutions argues that this particular cloud has a silver lining.

  • GFI looks to the future 15 April 2013

    GFI’s registration with the CFTC to launch a DCM in the US is the latest move from market participants seeking to adapt to the new world of trading. But the implications of regulatory change remain far from clear, as do GFI’s intentions, says William Mitting.

  • Brass tax 04 April 2013

    The financial transaction taxes that are springing up across Europe are making multi-leg investment strategies exponentially more expensive and punishing the buy-side's use of hedging strategies, writes Dan Barnes.

  • March

    What is the future of trend following CTAs and futures funds? 05 March 2013

    Steven Michael of Stonehenge Asset Management looks at the future of trend following.

  • February

    Buy-side cautious welcome for swap futures 19 February 2013

    New swap-based futures offer firms increased flexibility and reduced risk, says Dan Barnes.

  • January

    The SDR battle is about competition not customer choice 28 January 2013

    As the war of words between the DTCC and the CME continues, Galen Stops argues that it is being driven by business rivalry, not customer concern.

  • CTAs stay true to the trend 14 January 2013

    2012 was a tough year for CTAs but as William Mitting found, that has not shaken belief in long term returns.

  • Expect the efficiency drive to continue 08 January 2013

    Increased efficiency will be a key driver for financial firms in 2013 and there are numerous cost cutting oppotunities out there, says Galen Stops

Poll

What is the main reason volumes down on derivatives exchanges this year?

Banks are cutting back on trading ahead of Volcker Rule
13%
Financial institutions are more risk averse
49%
Risk is too one directional
1%
Few new contracts are being launched
4%
Low interest rate environment
11%
Uncertainty about regulatory reform
23%