FCM Rankings – Q3 2016

The most recent quarter of FCM data is out.  As usual, I’ve pieced together some updated metrics. If you’ve been keeping up to date with our blogs on this topic, you should remember the running themes: Concentration of business in a handful of firms Any growth in the business has been in swaps European firms shrinking, […]

Margin Buffer, Event Risk and the US Election

Following on from my article on Sizing the Margin Buffer for Cleared Swaps I wanted to look at how a margin buffer sized prior to Trump’s US Election win, would have held up on November 9, 2016 and whether such Event Risk should be handled differently. USD Swap Rates We covered the market moves in our […]