This article speaks about reducing notional by offsetting swaps by using compression.  The success we've seen and expect to see as counterparties phase-in to CCP clearing has been a testament to firms working together to get things done. Collapsing Swaps Positions Compression has proven an enormously successful...

Understanding Options Prices As options prices change during the day, they will be out of line for moments in time. Most of the time, they will find their balance again. In this article, we discuss Intraday Opyion Prices that don’t come back into line and present...

There are all types of cautionary tales about women working together. For me, these stories are foreign to my experience. As one of a handful of female options traders, I reported to men. As a swaps salesperson, I reported to and worked with men. It would take...

The exact impact of increased collateral requirements as the derivatives market shifts from bilateral to cleared contracts is unknown but widely estimated. Moody’s has made a guess of $700 billion to $1.2 trillion, which doesn’t sound too outlandish. Initial Margin Requirements for Swaps Initial margin (expected to be...