Friday, 19 September 2014
Last updated 50 min ago
Dec 29 2008 | 3:25am ET
A credit-default swap clearinghouse proposed by hedge fund giant Citadel Investment Group is a step closer to reality.
The Commodity Futures Trading Commission gave its approval to the joint venture by Citadel and the CME Group, the world’s largest futures exchange. Citadel and the CME plan to use the Chicago Mercantile Exchange’s existing clearing facility; a rival CDS clearinghouse proposed by a group of Wall Street giants plans to set up a separate clearing facility.
The CME-Citadel CDS clearinghouse could debut soon. A European clearing facility debuted last week.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.