THE DEFINITIVE SOUR CE FOR TR ADING NE WS
VOL XLV ISSUE 26 8 - 14 AUGUST 2013 www.wallstreetletter.com
IN THIS ISSUE News People moves 04 Focus Fee chart 10
MORE NEWS INSIDE
TOP STORY
Interxion to push cloud access for data center biz
The provider already has a sizable financial services presence in its London data center due to the city’s status as a financial hub TURN TO PAGE 04
CME sees OTC clearing benefit on listed contracts
“I can say we are seeing greater usage on futures, not only from The CME Group has already new clients but existing clients. started to see a positive impact As they are bringing OTC on the growth of its listed futures products into clearing, we are business from users taking seeing an uplift in their activity advantage of the company’s on the futures side,” he said. over-the-counter (OTC) clearing Durkin noted CME has offering, according to comments approached the sales process for from executives during CME’s the OTC clearing platform from earnings call last week. a risk management perspective. Bryan Durkin, chief operating “As we are talking to these officer, told analysts on the call traditional non-users of the futures that it is difficult to project the market that have an interest rate future potential for volume swap portfolio that they need growth of its listed contracts to clear, it is an opportunity and based, but anecdotally the link an entry for us to take TURN between new OTC clearing care of the main issue TO PAGE business and growth in the listed and provide them with trading business is there. clearing facilities. 03
BY JEANENE TIMBERLAKE
FCMs to see more OTC clearing related interest
Futures commission merchants (FCMs) may see a new wave of interest from end users TURN TO PAGE 06
FPL post-trade group sets sights on fixed income
Dave Tolman, head of professional services at Greenline Financial Technologies, spoke to WSL about the group’s focus on the new asset class TURN TO PAGE 06
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