The Obama administration has proposed a central clearinghouse to make trading in credit default swaps, currently privately negotiated, more transparent.
He also said the Fed is encouraging the development of a central counterparty clearing system for trading in credit default swaps and working on strengthening the resiliency of the short-term secured funding markets that left Bear in the lurch in March.
What looked to be a frightening rout was transformed suddenly and without the slightest advance warning into a huge rally as hundreds upon hundreds of gigantic buy orders, all 1 million shares or more in size, poured into electronic trading systems at Credit Suisse and several other major trading firms.
At Bank of America, just to continue the example, fourth-quarter profits were down 95% over the previous year, after write offs for credit exposures, trading losses and rising credit costs.
This week, growing problems with other trading strategies in credit derivatives and structured finance also came to a head.
On Tuesday, CME Group and Citadel announced they would be creating an electronic trading platform for credit-default-swap contracts.
First unveiled in 2005, EU-ETS requires aircraft operators flying within EU airspace to participate in a carbon credit trading program.
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In addition to increased yields of beef per acre, the Grasslands model also creates an opportunity to commoditize sequestered carbon for carbon credit trading.
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There currently is no centralized trading platform for credit defaults swaps.
Reassuringly, the big firms with lowish market shares (and therefore, perhaps, weaker profits) in fixed income, currencies and commodities trading Credit Suisse, UBS and Morgan Stanley are reasonably capitalised.
Some worry about the increased activity of hedge funds which, lured by the yield on illiquid, complicated instruments, make up as much as 70% of trading volume in credit derivatives, by some counts.
The news was not entirely unexpected, following an internal reshuffle in Barclays Capital in October, when Kvalheim's responsibility for credit trading, where most of the losses occurred, was shifted to del Missier, leaving him with investment banking and loan origination.
"The sector was seen as having strong ties to the government that made people feel more comfortable with it than maybe they should have been, " said Alexander Monroy, senior desk analyst in Latin America credit trading with Nomura Securities in New York.
Trading apples for oranges in this case, HFC for CO2 undermines the purpose of the credit-trading scheme: to encourage emissions reductions at the lowest marginal cost.
Zopa, Funding Circle and their ilk are regulated by the Office of Fair Trading as lenders or credit providers.
Avoiding credit or trading losses better positions HSBC to deliver steady profits.
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So what we began to do is look into the whole culture of people who are involved in trading and using stolen credit card numbers.
In April, the average daily trades in American stocks on all exchanges stood at nearly half of its peak in 2008: 6.5 billion compared with 12.1 billion, according to Credit Suisse Trading Strategy.
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The US federal government has responded to the Chesapeake Bay challenge by imposing a limit on the amount of pollutants that can flow into the Bay and letting states set up credit-trading programs to promote the most efficient reductions possible.
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Abrams, who started out with Goldman Sachs researching derivative trading strategies and later worked at Credit Suisse and then Merrill Lynch as co-head of US equity derivative trading, founded Titan Capital Group in 2001.
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As Citigroup faces another massive quarterly write-down of credit derivative assets, questions remain about other banks' exposures, and when the crisis goes from a trading book issue into an industrywide credit quality problem.
This earnings release we are especially keen on looking at its trading business revenues and its credit card portfolio.
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One of the problems is the lack of clear information, outside the banks and trading floors, about the credit derivatives market.
Clearwire shares are trading higher Tuesday morning after Credit Suisse analyst Jonathan Chaplin upped his rating on the WiMax-based wireless carrier to Outperform from Neutral.
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The Dublin-based gaming company better known for giving some 60, 000 subscribers the ability to wager on ponies, sporting events and the outcome of celebrity criminal trials online, wants to offer trading in weather events, credit risks and economic indicators.
The venture between the two Chicago firms is meant to launch within 30 days and would provide a fully integrated trading and clearing platform for credit default swaps, the complex derivative contracts that have been one of the flash points of the credit crisis.
To make this happen, she pulled together a team of people from sales, trading, technology, operations, credit, and risk.
Officially Forus was a financial company trading currencies and organizing lines of credit and other financial matters for Russian companies abroad.
Startups like Wallaby are trading on this very commoditization of credit.
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German bonds reflect the country's strong economy, triple-A credit rating and ease of trading or liquidity in the market.
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