Russian Derivatives Market 2011 Conference Moscow 08 September 2011 Danny Corrigan
Trade Registration & Repositories - the International Markets Product / Service Matching Messaging Central Clearing Trade Repository Settlement Netting Compression Bonds & Repurchase Agreements Automated trading systems Xtrackter (formerly TRAX) SWIFT or proprietary messaging LCHC RepoClear No Interest Rate Swaps iSwap, others Markittwire LCHC RepoClear LCHC Swapclear Yes TriOptima Credit Derivatives Automated trading systems Others DTCC Trade Information warehouse No FX Reuters, EBS SWIFT No No. Yes -CLS
Trade Registration & Repositories - the International Markets Trade repositories collect information on trades in one or more OTC derivatives market for both CCP eligible and non-CCP eligible trades. Info includes number of outstanding contracts, size of outstanding positions in a particular contract and exposures of a specific entity. Regulators may obtain information on the number of contracts and size of outstanding positions in the market. Regulatory driven: transparency Unique identifiers Global Commodity Derivatives Trade Repository to be established by DTCC/EFETnet (European Federation of Energy Traders)