Josh Galper’s Post

Finadium’s Rates & Repo Europe conference is around the corner and over the last week, we’ve highlighted early insights from our Market Conditions in the UK and Europe and Big Data, Big Technology, Big Opportunities panels. In this last article of our Rates & Repo Preview series, we hear from our expert panelists from BNY Mellon, The Depository Trust & Clearing Corporation (DTCC) and LCH RepoClear, about the global scope of mandatory clearing for US Treasury Repo and how European market participants are viewing the impacts so far. Nathaniel "Nate" Wuerffel, Michalis Sotiropoulos, Olivier NIN, Anna Reitman More on #finadium:

Rates & Repo Europe is this week - get a heads up on the 5Ws of UST Repo clearing from our market experts

My latest for Finadium News & Opinion: a monthly round-up giving you results at a glance from across the securities financing industry

The end of 2024 is shaping up to be as fast moving as the rest of the year. Today we bring you commentary on new developments that have impacts for the funding and financing markets. From the macro to the micro, the interconnectedness of people, products and policies is on full display. More on #finadium: https://lnkd.in/eGFXqG86

As always, a thoughtful Finadium report on critical issues for secured funding markets. The benefits of securities finance execution platforms are becoming better understood. I note that the report flags that such platforms should have standardized messaging protocols and “robust post-trade processing” connectivity to clients and third party vendors. Guaranteed Repo incorporates these elements, resulting in global scalability. The report also notes that “some bank-affiliated agent lenders are moving forward with guarantees and indemnification for selected clients in place of the bank’s balance sheet”. These structures are more efficient from a capital/RWA and cost basis than any other secured funding model, but they also result in a substantial increase in operational demands, for both trading and post-trade components. Idiosyncratic solutions to manage the complexity of this model are inefficient. Guaranteed Repo is built to provide scalability for securities financing transactions. It integrates standardized documentation, electronic trading and post-trade collateral management that permits clients to use their existing custodians. It is a global solution that can accommodate multiple asset classes. Critically, it is a standalone solution that is not affiliated with individual market participants. These features are difficult (if not impossible) to replicate in idiosyncratic solutions developed by individual firms. The report mentions that redundancy and resilience are the most important issues for users when deciding on platforms. The unprecedented changes facing secured funding markets as a result of regulation makes optionality even more important than usual. And it also means that solutions supported by vendors with proven track records are even more useful. Please see Shiv Rao and SUNTHAY for more information on Guaranteed Repo.

The end of 2024 is shaping up to be as fast moving as the rest of the year. Today we bring you commentary on new developments that have impacts for the funding and financing markets. From the macro to the micro, the interconnectedness of people, products and policies is on full display. More on #finadium: https://lnkd.in/etCJbVak

NEW Trader TV: The excellent Oriana Papetti of Eurizon and Lee B. of Eurex discuss how and why buy-side firms are expanding their use of credit futures alongside cash bonds, and the performance boost this gives investors - https://lnkd.in/ePYYgGkw #trading #derivatives #credit #corporatebonds #buyside

My latest for Finadium: all the stats that we get across the month illustrating the global secfinance market's dynamics.

Huge congrats to Fusion Markets on joining the TradingView ecosystem as a fully integrated brokerage 🔥 It's been a pleasure working with the team in Melbourne on this valuable project to add value and features for our mutual users 👏 Traders can now trade with Fusion without leaving their TradingView charts, directly through our Trading Panel 😎 Read more at the link below... #fintechnews #financialnews #cfdbroker #cfds #tradingview #fintech #trading #traders #financialmarkets Phil Horner Ivan Pupyshev Matthew Gladstone Zoe Wolf Evgeniya Zhabina https://lnkd.in/gkzS-eAe

📢 Register for our webinar on cross-product collateral arbitrage! 📢 https://lnkd.in/g2qicaij Murex, Finadium, and S&P Global Markets invite you to a webinar this Wednesday, September 25. Murex's Sabine Farhat, Matthew Chessum of S&P and Finadium's Josh Galper will discuss: - The need for cross-product collateral arbitrage - Market opportunities for arbitrage - Technology and data requirements - Trends in repo, securities finance and listed financing 📅 Date: Wednesday, September 25, 2024 🕙 Time: 10 a.m. New York / 3 p.m. London / 4 p.m. Paris/Frankfurt 💻 Where: Online 🔑 Murex Registration Code: FMUCOLL Register now and join this discussion on the future of collateral trading. 👉 Register here: https://lnkd.in/g2qicaij #Webinar #CollateralTrading #Arbitrage #FinancialMarkets #Murex #Finadium #SPGlobalMarkets