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Tag Archives: exchange

Glorious sunlight…

It’s so refreshing to see this lovely video of Senator Blanche Lincoln talk about her derivatives reform legislation… here is her draft… Somehow I sense the hand of CFTC Chairman Gensler in this process… and the spirit of House Agriculture Chairman Collin Peterson… yes… substantive forces to rein in Wall Street on derivatives are at […]

Drive the algos overseas…

The Chicago Fed has published a short paper on high frequency trading… makes you wonder how much economic activity this trading represents for the Chicago area… The fundamental issues around high frequency trading are systemic risk and investor fairness. Unfortunately this paper doesn’t address either one of those issues… From the conclusion of the paper “Controlling risk […]

This is what reform sounds like… part II

Visit msnbc.com for Breaking News, World News, and News about the Economy Thank you  Chairman Gensler for your heavy lifting on derivatives reform. More on derivatives reform at Riski…

FIX Protocol announces the release of FIX 5.0 Service Pack 2

April 21st, 2009 – FIX Protocol Ltd (FPL) is proud to announce that the Financial Information eXchange (FIX) Protocol Version 5.0 Service Pack 2 is now publicly available for download from the FPL website at www.fixprotocol.org/specifications/fix5.0sp2spec.     The FIX Protocol was originally developed to facilitate improved communications between buy-side and sell-side market participants, however over recent years significant […]

continue to improve the specification process to ensure that FPL meets its goal of delivering appropriate messaging standard solutions for the rapidly changing financial markets

FIX Protocol Ltd (FPL) is proud to announce that the first draft of the Financial Information eXchange (FIX) Protocol version 5.0 Service Pack 2 is now available for public download and comment from the FPL website at http://www.fixprotocol.org/fix5.0sp2drafts. FIX 5.0 Service Pack 2 includes 19 Extension Packs, each of which enhances the current functionality delivered […]

CDS ABC’s

Over-the-counter, over the top from Marketplace on Vimeo. Marketplace Senior Editor Paddy Hirsch gives a good introductory explanation of how CDS and exchange and OTC markets work in this video… (running time 6:45)

Closed loop system…

I’m reading a whitepaper on OTC markets from the interdealer broker ICAP… lots to comment upon… ICAP is the world’s largest and most powerful broker’s broker… headquartered in London they deal in FX, fixed income, derivative, commodity, and money markets. Their operations span all currencies and timezones. ICAP serves as the central hub for massive […]

Calm, peaceful

Several weeks ago I was sitting in the garden courtyard of my favorite place in Washington, the Freer Gallery of Art.  The fountain splashed noisily in the hushed cloister. It was calm and peaceful there and the credit crisis seemed far away. But outside the marble walls the old order was passing away… waves of violent upheaval were crashing […]

Black swan…

  Got an announcement for a credit risk course cosponsored by Columbia Business School Executive Education and PRMIA… You can see the syllabus below… It seems to be missing some critical components of understanding risk for credit markets… which is –one– the interrelatedness of FX, bonds, credit default swaps, equities, futures… and –two– … the […]

Transparency Club…

  Mark Twain probably ranks as our most biting wit… he wrote in response to a query… ~~~~ “My Dear Sir: But you are proceeding upon the superstition that Moral Courage and a Hankering to Learn the Truth are ingredients in the human being’s makeup. Your premises being wild and foolish, you naturally and properly […]