The global regulatory environment for trading swaps is changing rapidly. This OTC Intelligence piece focuses on minimum block sizes for interest rate swaps, electronic pre-trade credit checking functionality and connectivity for central clearing. To read more, click on the document below:
The Commodity Futures Trading Commission (CFTC) held a public meeting on May 16, 2013 to discuss trade execution rules and anti-disruptive trading practice guidance. All four of the rules were passed and are expected to be published by the Federal Register in June. Click the link below to read a summary of each of the rules that were voted on and how these rules will impact market participants.
Similar to last year, we’ve created a visual snapshot of some of the key numbers that would be of interest to our participants. Our 2012 CanDeal Year in Review infographic provides a holistic view of our electronic trading business. To read more, click on the document below:
Electronic Trading Brings Transparency to Canadian Rate Swaps
As Canadian regulators strive to meet G20 commitments on derivatives regulatory reform, CanDeal announced the launch of the first multi-dealer-to-client trading platform for Canadian dollar interest rate swaps. Don Curren of Dow Jones reports on the launch of the new marketplace and the evolution of electronic trading. The article features comments from CanDeal’s Co-Founder, President and CEO, Jayson Horner. To read the article click here.
November 30, 2012
Op-ed: Transparency isn’t always clear
As central-limit order books and over-the-counter platforms battle for derivatives trading supremacy in the US, the rest of the world has other concerns. FT.com featured an op-ed piece from CanDeal’s CEO Jayson Horner on transparency in the over-the-counter (OTC) derivatives market. To read the article click here.
October 01, 2012
Canadian Business in Action: Canada’s Electronic Market for Canadian Dollar Debt Securities
CanDeal was profiled in the October issue of Canadian Business in Action. The article, “Canada’s Electronic Market for Canadian Dollar Debt Securities” features commentary from CEO Jayson Horner on CanDeal’s role as a pioneer for electronic trading in fixed income and derivatives. To read the full article click here.
August 17, 2012
Canadian Electronic Bond Trading Up 28% in 1H 2012, CanDeal Says
Wall Street Journal’s David George-Cosh reports on H1 activity on CanDeal’s marketplace and references data from Greenwich Associates recent Canadian Fixed Income report.
CanDeal participants have come out of the gate strong in 2012, having already executed almost $900 Billion in volume across all products. This year’s trading activity has set an impressive year-over-year (y/y) growth rate at 28% for the first half of the year. To read more, click on the document below:
OTC Derivatives Reform: A Discussion of OTC markets in the Canadian Context
In this paper, we discuss some key elements of the OTC ecosystem; why they exist and why they should be preserved. We also examine some important changes that have occurred in the OTC debt space over the past decade; their positive impact on the market and how they are relevant to reform considerations for the OTC derivatives space.
CanDeal Recap – A Visual Snapshot of our Marketplace
This report provides insight into some of the metrics that can be captured by trading electronically on CanDeal. Some statistics include:
• Total Volume & BestX figures
• Average time to quote
• Percent of trades executed on a multi-dealer basis
• Volume breakdown by client type
Regulators in the United States continue to focus on rule definitions regarding SEF’s and have extended implementation dates. In Canada, regulators are focused on similar challenges and continue to work with market participants and global regulators.