Girding for Changes Under Dodd-Frank

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After a little technical difficulty, the third episode of the Daly Post Podcast is up and running on iTunes.

For anyone looking to jump on the podcasting bandwagon, be sure the system you are using is not one Wilco CD download away from maxing out your hard drive - enough said.

Thank you to the Tabb Group's Kevin McPartland for sitting down and discussing what buy- and sell-side firms can do in preparation for Dodd-Frank's final rules, which may be out as soon as September 2012 if all goes well.

CFTC Won't Make SEF Deadline

No, it's not a reported fact, but just a humble opinion in this week's Friday Musing that the US Commodity Futures Trading Commission (CFTC) is overoptimistic in its belief that it will have all of the necessary Dodd-Frank rule making completed by the middle of this quarter.

Disagree? Let me know your thoughts on the matter.

The Nature of the OTC Beast

The US Commodities Futures Trading Committee (CFTC) expects to have its final rules for swaps execution facilities completed in approximately five months and have have swap dealers operating in the new environment 90 days after that.

The more I follow the heavy lifting that remains in this rule-making process, the more obvious it is that the rules will take much longer than the remaining five months to hammer out. 

Even when the new rules in place, I doubt the markets will operate anywhere close to how the regulators intended.

Automating Dodd-Frank

After a few weeks of hiatus, I'm pleased that we've posted another Financial Tech Talk audio interview on the  Sell-Side Technology website.

In this first part of two-part interview with industry veteran Ciaran Henry, we sit down and discuss how firms are coping with Dodd Frank's real-time and intra-day reporting requirements for OTC trading.

Please check back for when we post the second part of the interview, in which we look at how firms can leverage their existing low-latency trading infrastructure for this new electronically traded market.

UPDATE: We've posted the second portion of the audiocast here.