Wednesday, 1 October 2014
Last updated 47 min ago
Dec 3 2009 | 1:42pm ET
More than a year after announcing its plans to create a combined clearinghouse and exchange for credit default swaps, the CME Group and its partners at Citadel Investment Group may actually be poised to clear its first trades.
The CME is in talks with the top over-the-counter credit derivative dealers and could announce an agreement with some of them as soon as today. And if a deal is struck, CDS could begin clearing on the CMDX by Dec. 15, the deadline set by the CME.
Among the firms in talks with CMDX are Barclays Capital, Citigroup, Goldman Sachs, JPMorgan Chase, Deutsche Bank, Morgan Stanley, UBS and Credit Suisse, the Financial Times reports.
In September, CMDX gave up its plans to launch an electronic-trading platform engineered by Citadel as part of the clearinghouse, and brought in partners to incentivize potential customers. Among the new stakeholders were hedge funds BlueMountain Capital Management and D.E. Shaw & Co.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...