Insight

  • Nov22 Intelligence
    OTC Intelligence | Market Agreed Coupon (MAC) Contract - November 22, 2013
    On April 24, 2013, the International Swaps and Derivatives Association (ISDA) issued a release announcing the publication of a form of confirmation for a Market Agreed Coupon (MAC) contract. The MAC Contract is voluntary and is meant to compliment bespoke interest rate swaps (IRS) and deliverable interest rate futures. The intent of the new MAC swaps are to help improve liquidity to interest rate swap products as they become more accessible to investors, and also serve to enhance market transparency.
     
    To read more, click on the document below:
    PDF icon OTCIntelligence-22November2013-MAC.pdf
  • Nov18 Intelligence
    OTC Intelligence | Canadian Regulators Publish New Derivatives Rules - November 18, 2013

    On November 14, the Ontario Securities Commission (OSC), the Autorité des marchés financiers (AMF) and the Manitoba Securities Commission (MSC) published harmonized province-specific rules for OTC derivatives regulation, specifically identifying the derivatives in question, central clearing and trade reporting.

    To read more, click on the document below:
    PDF icon OTCIntelligence-18November2013-CanadianRules.pdf
  • Oct04 Intelligence
    OTC Intelligence | SEF & Central Clearing Update - October 04, 2013

    CFTC Approval Paves the Way for Regulated Electronic Swap Trading
    On September 6, 2013, CanDeal’s global Canadian dollar interest rate swap partner, Tradeweb Markets, announced it has received temporary registration approval for its swap execution facilities (SEFs) from the Commodity Futures Trading Commission (CFTC) - compliance deadline for SEFs was October 2, 2013.

    Electronic Trades Feed Central Clearing
    The existing electronic IRS infrastructure facilitates end-to-end electronic execution and clearing. Buy- and sell-side participants who leverage the technology already have their post-trade message information being sent directly to central clearing houses.

    To read more, click on the document below:
    PDF icon OTCIntelligence-04October2013.pdf
  • Sep10 Op-Ed
    Is e-trading an ace in the hole for markets? - September 10, 2013

    As regulators seek to enact change, they must balance their transparency objectives with the needs of market participants. The Globe and Mail, Report on Business, Streetwise blog featured an op-ed article from CanDeal's CEO, Jayson Horner, on the role electronic trading can play in providing a solution to satisfy all market participants.

    To read more, click on the document below:
    PDF icon G&M-OpEd-IsEtradingAnAceInTheHoleForMarkets-Eng.pdf
  • Sep01 Intelligence
    Greenwich Associates 2013 North American Fixed-Income Investors Study - September 01, 2013

    Greenwich Associates 2013 North American Fixed-Income Investors Study showed their respondents executed 44% of their volume electronically, up from 40% the year before. Canadian government bond e-trading volumes on CanDeal increased 11% in calendar 2012. Greenwich Associates data shows that government bonds account for roughly half of Canadian total fixed-income trading volumes.

    To read more, click on the document below:
    PDF icon NAFI-CAN_ETrading-13-MT.pdf

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