Home » Data » Lewis Ranieri, SEFs, and More Solly

Lewis Ranieri, SEFs, and More Solly

Finextra, SuperDerivatives files SEF application, here.  The mailroom guy from Solly, Ranieri, is in. I think he gave a talk at Harvard recently, here.

SDX Trading will offer the choice of anonymous or disclosed trading, and all products will be eligible for clearing via a CCP where possible. Together with its front office platform, SDX, and its risk management system, RMX, SuperDerivatives now offers a comprehensive and consistent workflow for trading FX and commodity products in a regulated electronic market.

SDX Trading will become a subsidiary of SuperDerivatives, and will be led by David Collins, formerly Head of Strategic Solutions at the firm. Dr. David Gershon, founder and CEO of SuperDerivatives, and Lewis Ranieri will serve on its board of directors.

Tabb Forum, Swap Execution Facilities, A Very Fragmented Market, here.

Below is the list of the facilities we found in our research, with their status and the products they intend to trade. This information was compiled from press releases and operator websites. We do not represent the information as complete or error free, but we do hope this aggregated list of venues proves helpful.

360 Trading Networks
Temporary Registration Approval September 24, 2013
Non-Deliverable Forwards, Non-Deliverable Swaps, and FX Options

Bloomberg
Temporary Registration Approval July 30, 2013
Interest Rate Swaps, Credit Default Swaps, and Foreign Exchange and Commodity Derivatives

BCG Partners
Temporary Registration Approval September 20, 2013
Standardized Credit Default Swaps

CME Group
Applied September 18, 2013
Commodities – Executing Swaps Side-by-Side with Listed Futures

LCH.Clearnet
Launched July 2, 2013
Derivatives Clearing Organization

eDeriv
Undetermined
Equity Swaps, EFPs, and Bespoke Products

Eris Exchange
Live since 2011
CFTC Regulated Designated Contract Market

Eurex
Live since November 2012
Interest Rate Swaps Clearing

First Derivatives
Undetermined
Multi-Asset Class Swap Execution Facility

GFI Swaps Exchange
Temporary Registration Approval September 16, 2013
CFTC Regulated Swaps In Fixed Income, Interest Rates, Foreign Exchange, Energy, Commodity and Equity Markets

ICAP
Applied September 3, 2013
Interest Rate Swaps, Credit Default Swaps, Commodities, Equity Derivatives, and Non-Deliverable Forwards

ICE Swap Trade
Temporary Registration Approval September 20, 2013
Credit Default Swap

International Derivatives Clearinghouse
Acquired by LCH.Clearnet Group

INFX SEF (Integral)
Temporary Registration Approval September 25, 2013
FX Non-Deliverable Forwards

Javelin Capital Markets
Applied August 5, 2013
Interest Rate Swaps, Credit Default Swaps

MarketAxess Holdings
Temporary Registration Approval September 16, 2013
Credit Default Swaps

Nodal Exchange
Applied for registration as a DCM (designated contract market) October 15, 2012
Locational Energy Contracts (Futures)

ODEX
Undetermined
Interest Rate Swaps, Credit Default Swaps

Parity Energy
Undetermined
Energy and Precious Metals Options, Cleared Energy Derivatives

Phoenix Parnters Group
Team and assets acquired by GFI

SwapEx (State Street)
Temporary Registration Approval September 16, 2013
Swaps, Treasuries and Futures

TeraExchange
Temporary Registration Approval September 20, 2013
Interest Rate Swaps, CDS Index, Non Deliverable Forwards, and Cash Settled Forwards. Future Offerings Will Include Single-Name Credit Default Swaps, Energy Swaps, Agriculture Swaps, and Equity Swaps.

FXall (Thomson Reuters)
Live for FX (FX was exempted from SEF rules)
Applied for SEF registration September 10, 2013
FX Non-Deliverable Forwards and FX Options

Tradeweb
Temporary Registration Approval September 6, 2013
Interest Rate Swaps and Credit Default Swap Indices

Tradition
Temporary Registration Approval September 26, 2013
Equity Derivatives, Interest Rate Swaps, Credit Default Swaps, FX Options and Commodities

trueEX LLC
Temporary Registration Approval September 23, 2013
Live Designated Contract Market
Interest Rate Swaps

Trumarx
Undetermined
Bilateral OTC Energy Transactions

tpSEF (Tullet Prebon)
Temporary Registration Approval September 26, 2013
Swaps in the Full Range of Asset Classes

Chris Arnade, the guardian, What I saw as a Wall Street Trader: a culture of bad behavior, here. Meriwether smokes cigs?
My first big trade on Wall Street was approved by a fat man smoking cigarettes in a stairway littered with the butts from past conversations. That man, John, was the head of trading at Salomon Brothers, on the executive board, and only one step below the CEO. It was 1994 and he had been with the firm twenty years as a trader. I had been there just one.
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