The changing landscape for derivatives

John Hull ()
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John Hull: Joseph L. Rotman School of Management, University of Toronto, Canada

Journal of Financial Engineering (JFE), 2014, vol. 01, issue 03, 1-8

Abstract: This paper describes the changes taking place in derivatives markets as a result of the 2007–2009 credit crisis. It discusses the developments of new platforms for trading, the use of central counterparties for clearing, the role of trade repositories, and the requirements for the posting of collateral. It explains the way in which the over-the-counter and exchange-traded derivatives markets are converging and argues that liquidity is becoming as important as capital to banks in their decision making.

Keywords: Derivatives; OTC; regulations; trading; clearing; collateral (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (4)

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DOI: 10.1142/S2345768614500214

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