Topics: Derivatives Regulators Compromise on Swaps RFQ Rule, So Are the Banks Winning? May 17, 2013CFTC commissioners compromised on key rules that now require asset managers to contact two banks for prices on derivatives, rather than five, which was opposed by banks and lobbyists. Asset Managers and Hedge Funds Face Swaps Clearing Deadline May 14, 2013Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper. 60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study May 08, 2013The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial. Taiwanese Bank Extends License with Fenics for FX Options System May 06, 2013Already a customer for 10 years, E.Sun Commercial Bank will extend its license of Fenics Professional in foreign exchange options to streamline procedures and gain functions such as volatility surface management. DTCC Sues CFTC Over Swap Data Repository Rules May 03, 2013The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs. Markit Launches CLO Pricing Service May 02, 2013The service uses observable market data and models to offer a transparent approach to CLO pricing. Paladyne Systems Integrates Numerix; Licenses Source Code April 30, 2013Paladyne, a Broadridge Company, has integrated the Numerix Portfolio Risk into its front-office solutions to help its clients help manage risk across asset classes with the addition of Paldyne's reference data. Mandara Capital Deploys Tbrick's Hosted Trading Service April 22, 2013A hedge fund specialist in crude oil and derivatives, Mandara Capital chose Tbrick's futures trading platform, powered by S&P Capital IQ's Quantlink and QuantFeed, to improve speed and to support inhouse development. Bloomberg Files Lawsuit on Swaps Trading, Contesting Margin Rules April 17, 2013Argues that CFTC's rule imposing higher margins on swaps than comparable swap futures, is not based on risk analysis and will harm swap execution facilities.. Can We Do Better? Stealing Other People's Property April 16, 2013Banks have long been creating products that are so complex that clients, risk managers and even some of the firm's own salespeople can't understand what is actually in them. Once Swaps are in the Clearinghouse, the Real Work Begins April 12, 2013This week trueEX said it plans to launch a service to provide termination, compaction, re-balancing and backloading to CME clearing clients. Bank Leumi Chooses Calypso As Cross-Asset Platform April 08, 2013One of Israel's largest banking corporations, Bank Leumi, will utilize Calypso's front to back office platform for cross asset class support, including interest rate derivatives. Bloomberg PolarLake Adds Fitch Credit Ratings Data April 02, 2013Adding Fitch Data to Bloomberg PolarkLake's Enterprise Data Management Solution will give financial institutions an independent view of long-term credit risk to support risk management and regulatory reporting. Industry Underprepared for OTC Derivates Trading and Market Regulation March 29, 2013Firms must realize that connectivity to SEFs and the various other OTC derivatives execution venues will be critical -- for both regulatory reasons and for getting ahead of the competition. Markit Launches Clearing Certainty Hub for OTC Derivatives March 25, 2013Buy side firms, regional banks and other firms that execute OTC derivatives through FCMs will have a consolidated view of available credit among multiple clearing venues. Options Market Structure: Is it Getting Too Complex? March 20, 2013With the number of U.S. options exchanges soon to be 12 by the end of the year, experts are concerned about complexity, fragmentation and rising technology costs amid lower volumes. Senate Hearing Sheds Light on JPMorgan Whale Trade March 15, 2013Senator Carl Levin grills Ina Drew and other bank execs, accusing them of changing VaR and hiding data on risky derivatives trade from regulators. JPM Senate Hearing: What's the Point of Beating a Dead Whale? March 14, 2013Friday's hearing about JP Morgan's London Whale trade led by Senator Carl Levin is really about putting pressure on regulators to finish the Volcker Rule, Propublica's Jesse Eisenger tells Bloomberg TV. Torstone Technology Rolls Out Systems Upgrade for FTT March 13, 2013The derivatives software provider said the taxation logic within Inferno has already been applied for the French and Italian FTT and can be adapted on the fly as regulations are clarified and other countries needs are defined. Swap Data Reporting: War Breaks Out March 08, 2013The U.S. regulator's decision to allow CME Group to report swap transactions to its own repository has inflamed tensions with the DTCC, which has called the CME rule 1001 "anti-competitive."