derivatives news from FierceFinanceIT

Paul Volcker had a surprising answer recently when asked what the most important innovation of the last decade was: the ATM. This may have been delivered tongue-in-cheek. As the Financial Times... Read more...

What do credit default swaps and outsourced technology arrangements have in common? In the eyes of some, they both have the ability to wreak major damage on the industry in systemic fashion. Bank... Read more...

As it so often does, technology integration just might determine the success or failure of BlackRock's $13.5 billion deal for BGI. The deal will make BlackRock the largest asset manager in the world,... Read more...

There's a lot of critical post-merger integration work underway right now: Wells Fargo-Wachovia, JPMorgan-Washington Mutual, Bank of America-Merrill Lynch and Bank of America-Countrywide. The success... Read more...

LCH.Clearnet, last week, unveiled plans to offer the first global clearing service for asset, pension and hedge fund managers in interest rate swaps. For asset and pension fund managers, this is new.... Read more...

The NYSE senses a huge opportunity in CDS clearing, as do a lot of competitors. Clearly, there's a regulatory imperative for central clearing mechanisms that would foster transparent reporting and... Read more...

Morningstar's purchase of Tenfore Systems for $21 million makes strategic sense on the surface. U.K.-based Tenfore is known for its real-time distribution system, which streams data from over 160... Read more...

We've noted recently that some people thought a CDS clearinghouse could be launched as early as this month. The Fed, the SEC and the CFTC certainly want to make this happen. They just signed an... Read more...