About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

WMBA Welcomes Launch of ICE Clear and Eurex Clearing

Subscribe to our newsletter

The Wholesale Market Brokers’ Association (WMBA), an independent industry body representing the world’s largest interdealer brokers, welcomes the clearing of the first European CDS contracts today by ICE Clear and Eurex Clearing. These first contracts are based on Europe’s iTraxx index and also 17 ‘single name’ constituents from the utility sector.

David Clark, chairman of the WMBA, says: “We congratulate Eurex and ICE on the work they have done with the UK Financial Services Authority (FSA), other ‘home’ regulators and the European Commission to meet the industry agreed deadline of 31 July 2009 for clearing CDS contracts. We also note the remarkable achievements of ISDA in enabling this process in such a timely manner.”

He continues: “We are hopeful that clearing will re-establish liquidity and volumes in the CDS market, which together will benefit market participants and end users alike.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

GLEIF Begins a New Decade in Growth Mode

The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...