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As Wall Street aims for automated clearing and settling of credit default swap trades, most of the attention has been on competing platforms offered by CME-Citadel and the ICE/Clearing Corp. But... Read more...
Fidelity Investments, the fund and brokerage giant, holds workplace retirement funds for 14 million people. Despite the company's mind-boggling size, it wants to support customers with customized... Read more...
Many people assume that automated clearing is something that has been in place for some time across all markets--as it has long been for stocks. But the recent blow up of the CDS market has... Read more...
We've been talking about more automation in the credit default market for a long time now. Despite official prodding, we've really only seen piecemeal activity toward that goal. On top of that, we're... Read more...
There's a lot of nervousness in the "short" universe right now, as everyone is expecting more onerous regulations. One issue that always seems to crop up is automation, and whether technology can... Read more...
There's no question that the buy-side is driving the trading industry right now. That's been underway for years. All along, people have long suggested that traders will get disintermediated. Are we... Read more...