1. Russian Derivatives Market 2011 Conference
Moscow 08 September 2011
Danny Corrigan

2. 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

3. 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)