Asset Managers Division Plans to Provide Industry Education on Swaps Vendors

As the industry moves to increase automation and develop longer-term solutions for derivatives, vendors and service providers can offer asset managers and broker/dealers a variety of options for e-trading and e-processing of swaps. Since many asset managers are interested in more information concerning electronic trade matching for IRS and CDS transactions, the Asset Managers Division of The Bond Market Association and The Asset Managers Forum are in the initial stages of developing vendor profiles.

The AMD and AMF intend to distribute information for products and services offered by vendors that operate in the derivatives market. This information will enable members to have an overview of the various products/services that accomplish the goal of automating the confirmation process.

If you are an industry vendor or service provider that is interested in participating in this profile initiative, please contact George Reis at 646.637.9280.

Below is a list of some of the organizations that currently operate in the CDS market:

E-trading Platforms:

Creditex

Market Axess

Thomson TradeWeb

Hybrid:

Compliance Hub

T-Zero

Confirmation:

DTCC Deriv/SERV

SwapsWire

Report on Industry Call-in on CDS Automation

On December 19, over 250 industry professionals called-in to hear a special AMD broadcast on developments relating to the automation of processing Credit Default Swaps. The Asset Managers Division's Market Practices and Standards Subcommittee and the Group of 14 provided an update on progress being made to automate confirmation and matching processing. The guest speakers, who included asset managers, dealers and industry utility representatives, also answered questions from call participants.

Click here to listen to the December 19 AMD Conference Call

NOTE: This Weekly Report on Policy Developments Affecting Asset Managers is a service of the Technology, Operations and Asset Manager Relations Department of The Bond Market Association. We encourage your input as this communication is designed to promote dialogue among members of the Asset Managers Division of The Bond Market Association and The Asset Managers Forum. Please feel free to contact Joseph Sack, Executive Vice President of The Bond Market Association or Douglas Taggart or Elisa Nuottajarvi of the staff of The Bond Market Association.