The government securities division (GSD) of the Depository Trust and Clearing Corporation (DTCC) reported a 25.5% increase in margin requirements, rising to $56.3 billion by September 30. This ...

Draft recommendations proposed by international regulators to address controversy over the practice of dealers pre-hedging client orders have largely copied guidance already set out in industry codes.

China’s newly published non-cleared margin rules are largely consistent with international standards, but legal experts point to gaps that need to be addressed around domestic securities houses and ...

Paweł Stępniak is currently pursuing a PhD in Mathematics at Wrocław University of Science and Technology, having completed his MSc in 2021. His primary research interests are in financial and ...

We adopt the least squares Monte Carlo (LSMC) method to price time-capped American options. The cap can be an independent random variable or dependent on the asset price at a random time. We ...

As of end-June, $1.76 trillion in notional amounts of CDSs referenced sub-investment grade (IG) debt, with 62.1% cleared ...

A twist in this year’s review of buy-siders’ worries, though, is that the gloominess could become a risk in itself. Even as ...

The Intercontinental Exchange’s rapidly executed acquisition of the American Financial Exchange, announced on January 8, caught even some top AFX executives by surprise. The unsecured funding platform ...

The Basel III endgame capital requirements may be further delayed, following the resignation of Michael Barr as US Federal ...

Franklin Templeton has become the largest user of foreign exchange options among US mutual funds, taking the top spot from Morgan Stanley Investment Management for the first time since the end of 2020 ...