Media Coverage

April 2014

How the EU and US Can Use Natural Gas to Keep Russia in Check, Forbes, April 7, 2014.
If the West truly wants to curtail Russian aggression in the Ukraine, Eastern Europe or elsewhere around the globe, it first needs to craft a strong and well-coordinated energy plan. I believe that, in addition to foreign policy debacles like the “reset button” and the Syrian “red line,” the absence of such a plan contributed greatly to Russian President Vladimir Putin’s decision to invade Crimea. But while Europe is dependent on Russian energy today, that doesn’t always have to be the case. What the past month has drawn into stark relief is Putin’s vulnerability, not his strength. In a world of falling energy prices and rapidly developing alternative resources, from fracking to solar, the Russian economy is already set up for a tough fight. Provoking the West will only accelerate the process. 

Survey Roundup: Executives on Analytics, Internal Audit, Wall Street Journal, April 4, 2014
A look at some recent surveys and reports dealing with risk and compliance issues. A paper by Sapient Global Markets focuses on how the 2008 financial crisis has prompted scrutiny of business models, policies and processes and how this will affect the future of the financial services industry. The report says in many ways we are equally as blind today to the long-term consequences of our efforts to re-order as regulators and industry captains were at the time of the stock market crash in 1929.

Shale energy transport is quicker through railroads: Sapient, Commodity Online, April 1, 2014.
With the shale energy boom, interesting logistical challenges have emerged and railroad has gained an upper hand as it is quicker and cheaper to develop compared to pipelines, according to Rashed Haq, Vice President at Sapient Global Markets. He told Commodity Online in an interview that major shale production areas in USA have very little or no pipeline infrastructure but huge demand for moving their product and rail is at the forefront of that. Rashed Haq points out that rail also offers more 'optionality' where connections can be made in different ways to different locations or goods can be placed in siding for a few days. Pipeline companies on the other hand are looking to spend billions to build new routes and connect the new supply centers to centers of demand. However, the pipeline cost is so high and time consuming and current cost of gas is low making it not economical. 

March 2014

National resource giants plot varied paths to global goal, Reuters, March 31, 2014.
In the boldest international move in its 50-plus-year history, the world's top sugar producer will form a 50-50 joint venture with global trading powerhouse Cargill. It was a blockbuster deal for the global sugar market, but perhaps even more importantly it opened up a new path for other state-owned or nationally powerful commodity producers, those with domestic strongholds and international ambitions. Chip Register of Sapient Global Markets comments on the grab for market share in the commodity industry. 

Sapient and Kurtosys Team on Fund Marketing for Asset Managers, Waters Technology, March 26,2014.
Sapient Global Markets has launched Client Connect, an asset manager solution for fund marketing and client service automation. "Current approaches cannot satisfy client demand for immediate access to information, bespoke services and more tailored investment needs," says Randall Orbon, SVP at Sapient Global Markets. "With Client Connect, we can provide richer, more personalized, timely data and reporting that enhances the client relationship and enables firms to concentrate on their core objective of generating alpha."

Invisible men lined up as heirs at commodity traders, Reuters, March 26, 2014.
Abrupt leadership changes at commodity traders Trafigura and Gunvor over the past week have put a sharp light on an industry-wide challenge: shifting oversight from a legion of legendary, aging leaders to a new generation."I have never in over two decades seen much in the way of succession planning. Frankly, trading floors and their management run more like animal farm than General Motors. There is an implicit hierarchy, and that matters," said Chip Register, a long time commodity executive, currently at Sapient Global Markets.

Sapient Global Markets and Kurtosys launch Sapient Client Connect solution, Automated Trader, March 26, 2014.
This is a general piece of pickup from the press release, which quotes Randall Orbon.

Analysis: Reg AB II transparency debate, IFLR, March 26, 2014.
The reopened comment period for Regulation AB II (Reg AB II) closes on Friday. But issuers and investors continue to clash over the level of disclosures in asset-backed securities (ABS) offerings and its potential ramifications. The wait for the new regulation had been extended in February following the Securities and Exchange Commission (SEC) postponement of a vote and request for further comments addressing privacy concerns. Issuers argue individual level disclosure could expose the personal information of loan takers and harm competitive advantage. Opponents say greater transparency will help create better pricing and a more even playing field. "Standardising would make it much easier for investors," said Kevin Samborn from the Sapient Global Markets, a marketing and consulting company "It's a myth that that the cost is high and that flooding the market with information will slow things down." Reg AB II will revise the disclosure, reporting and offering procedure for ABS. Issuers of certain asset classes will be required to give enhanced disclosures of the loans that make up the underlying pool. They have argued this could expose the personal information of loan takers to unnecessary risk. "As datasets age there's a likelihood that they will be more widely dispersed through secondary distribution," said Dave Colling, also of the Sapient Group. "Collections of such data could eventually be malevolently re-aggregated, perhaps identifying borrower characteristics and behavior," he said.

Sapient Global Markets unveils Client Connect, Finextra, March 25, 2014.
This is a general piece of pickup from the press release, which quotes Randall Orbon.

Sapient Global Markets unveils Client Connect, Global Transaction Banking, March 25, 2014.
This is a general piece of pickup from the press release, which quotes Randall Orbon.

Sapient : Global Markets : Launches Sapient Client Connect Solution with Investment in Fund Reporting Expert Kurtosys, 4-traders, March 25, 2014.
This is a general piece of pickup from the press release, which quotes Randall Orbon.

Sapient Global Markets Launches Sapient Client Connect Solution with investment in fund reporting expert Kurtosys | 25 Mar 2014 (Sapient Global Markets), TabbFORUM, March 25, 2014.
This is a general piece of pickup that links to the press release, which quotes Randall Orbon.

Kurtosys Powers New Sapient Client Connect Solution, Kurtosys Blog, March 25, 2014.
This is a general piece of pickup from the press release, which quotes Randall Orbon.

Sapient Global Markets Launches Sapient Client Connect Solution with investment in fund reporting expert Kurtosys, Bobsguide, March 25, 2014.
This is a general piece of pickup from the press release, which quotes Randall Orbon.

Sanctions create complications for Morgan Stanley-Rosneft deal, Financial Times, March 21, 2014.
Last week the tanker Hafnia Phoenix dropped off a cargo of petrol in Rhode Island. The shipper was not an international oil company but Morgan Stanley, according to customs data service Panjiva. As the US investment bank now prepares to sell its global oil trading business to Rosneft, the state-owned Russian oil company, the Ukraine crisis has suddenly created fresh complications. Washington’s move to sanction Russia following its disputed annexation of Crimea this week has cast uncertainty over the fate of Morgan Stanley’s fuel supply contracts for Rhode Island and other US states. Rosneft, a state-owned group with significant international reach, is likely to become a target should sanctions escalate from individuals to Russian companies. “If they keep slapping each other higher and higher up the sanctions scale, then at some point it may be that this deal can’t happen,” said Chip Register of Sapient Global Markets, a consultant to commodity traders.

Delivering transparency, Structured Finance Information, March 20, 2014.
While the financial services industry has to date focused on accountability and credit ratings elements under Dodd Frank, it is critical that the SEC continues to push initiatives to restore investor confidence, explains Sapient Global Markets vice president – business development, David K. Donovan News that the US SEC postponed a vote in early February regarding the adoption of rules revising the disclosure, reporting and offering process for ABS is disappointing, given the regulator’s previously-stated determination to enhance transparency across ABS and MBS instruments. Transformation of this opaque asset class has been high on its agenda since Chairman Mary Shapiro noted the SEC’s top three priorities for reform at the American Securitization Forum back in 2011.

Playing the Energy Card in Crimea, Forbes, March 18, 2014.
In the wake of this weekend’s referendum in Crimea, we now find ourselves at a pivotal juncture in the Crimean Gambit. The United States and the European Union say they will impose limited sanctions on Russia if they annex the Crimea as expected – but how serious will they be? It is unlikely that limited sanctions, such as the visa restrictions and asset freezes announced last week will send the proper “cease and desist” message to Russian President Vladimir Putin. At the same time, it is unclear what Russia would do if faced with harsh sanctions. Putin is promising a “boomerang” effect, where the West would surely regret its decision.

US banks worry over fuzzy Fatca requirements, Risk, March 17, 2014.
Time is running out for foreign companies to register under the US Fatca anti-tax-evasion law, but they are still frustrated by a lack of clarity on the law’s requirements, in particular the rules governing know-your-customer procedures. Under Fatca, a new series of enhanced W-8 forms has been produced to identify non-US clients. These have been causing concern for some time. Many institutions have been working on building self-service portals where clients can enter their own information. But without the final W-8BEN-E form telling institutions specifically what information they need to be asking for, these portals can't be completed. "We are trying to prepare for this but it's a bit like the blind leading the blind," says Karen Rossouw, London-based manager and business consultant at Sapient Global Markets. "You want to streamline the processes and the self-service portal means that your client is almost responsible for your data integrity – and so your KYC integrity, so we have to get these portals exactly right."

Transparency Now Arriving for U.S. Energy Markets - The Energy Data Hub, IDC, March 16, 2014.
IDC. It has been a long time in coming, but utilities will now be able to get more transparency into their exposure in the market through the Energy Data Hub. What this means for the energy companies that contribute is that they will have access to both physical and financial trading data. As a strategic partner of EDH, Sapient Global Markets helps launch new benchmarking services that deliver valuable insight into global energy transactions in order to support risk management and trade strategy.

Common SEF rulebook idea mooted, The Trade, March 14, 2014.
Market participants gathered at FIA annual conference in Boca Raton, Florida, to discuss challenges and opportunities in the derivatives markets. A range of issues continue to concern the buy-side in using SEFs, the new OTC derivatives platforms. “There are some industry bodies looking to assist buy-side and other market participants by making a uniform rulebook across a number of platforms,” said Jim Myers, Senior Manager at Sapient Global Markets. “As SEFs use their rulebooks as a means to differentiate their platform’s offering compared to rivals, understanding 21 separate rulebooks has been a challenge.”

A Bright Future For Swapping Futures, Traders Magazine, March 12, 2014.
The first 2014 milestone in the swaps market comes in mid-February as certain OTC swaps move to mandatory electronic trading on swaps execution facilities. Sapient Global Markets manager Ben Larah expects many market participants will stick with swaps because they can be customized to provide a static hedge. "When there is a mismatch in maturity and duration between the liability and the hedging instrument, constant rebalancing might be required to hedge the liability," he said.

HuffPostLIVE #WorldBrief with @CaroMT, HuffPostLIVE, March 10, 2014.
Chip Register discusses the impact of the crisis in Ukraine on the global energy economy. Appears at 26:35.

Bridging the Business-IT Divide, Markets Media, March 6, 2014.
Achieving consensus between business and IT has become paramount for capital markets firms due to a changed regulatory environment, which requires nimbleness and agility.“Regulatory mandates have pushed a lot of IT spend,” said Josh Sutton, an executive at Sapient Global Markets. “You’re also seeing new business models emerge where functions that used to be performed by each bank individually are moving into more of an industrialized utility solution and consortiums are popping up that didn’t exist one or two years ago simply because there weren’t the fiscal drivers to necessitate that.”

Anti-Keystone Protesters Are Boosting Putin's Petrostate, Forbes, March 5, 2014.
The hordes of protesters–mainly college students from carbon-fueled busses–thronging the White House to protest the Keystone XL pipeline probably don’t consider themselves proponents of Russian President Vladimir Putin’s grandiose vision of reunifying the former Soviet Union. Yet they’re doing precisely that by escalating against the State Department’s slow but steady realization that the pipeline system from Canada can be built and operated responsibly without increasing global greenhouse emissions. By constricting oil supply, this restricts demand (their intended outcome), at least in the short run. But in the long run, the developing world will still have high demand for carbon-based fuels as the onward march of globalization moves more people to urban areas who can afford to purchase cars. Those protestors chained to the fence can’t stop what Chip Register, managing director of Sapient GlobalMarkets, pointed out. “Canada is no longer waiting on the US to get its act together. Last month, Canada’s National Energy Board approved plans to construct what can only be interpreted as an alternative pipeline to the Keystone, the Gateway Pipeline. This new pipeline is slated to carry crude west from Alberta to the Pacific Ocean where it would then be exported to Asia via supertanker.”

Down But Not Out: Banks' Energy Traders Find Life Raft In Long-Term, Complex Deals, Forbes, March 4, 2014.
While it looks like the big U.S. banks are being pushed out of the energy trading business, the truth is, they aren’t going far. Instead of exiting the market, the banks are simply shifting their exposure to the back end of the commodity curve – the five to fifteen year deals instead of the one month to 2 year timeframes popular over the last decade or so. Chip Register, managing director of Sapient Global Markets, explains why banks are shifting their exposure.

February 2014

Off-the-shelf ETRM software taking off, survey reveals, Energy Risk, February 25, 2014.
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require significant customization and rarely meet all their ETRM needs. ETRM functions are now being carried out on ready-made software packages, according to this year's results. Almost three-quarters of respondents say they use off-the-shelf systems to carry out mark-to-market valuation, while more than 60% of respondents use them for position management and value-at-risk. Meanwhile, more than half of survey respondents use ready-made packages for complex pricing and credit value adjustment calculations. "The make-up of the items being done off-the-shelf has probably changed," says Arun Karur, vice-president at Boston-based technology firm Sapient Global Markets.

Is US securitisation going back to 2005?, IFLR, February 24, 2014.
The ABS market’s return in the US features a healthy does of caution. But growing confidence and the appearance of new structures begs the question: have we been here before? In looking at the role of mortgage-backed securities (MBS), and the return of ABS, Dave Colling comments that the mood in the market is grudgingly optimistic, and people are seeing the capacity for issuance to come on stronger, but with the caveat that regulation is adding cost to securitise and adding a risk of return.

Sapient Global Markets Details the Challenges and Opportunities of Trading on Swap Execution Facilities, Reuters, February 20, 2014.
As the US swaps market began the transition from telephone trading to electronic trading on swap execution facilities (SEFs) this week, a number of issues hung in the balance, including which of the SEFs that have registered with the US Commodity Futures Trading Commission (CFTC) will be successful, how vendors can support firms trading on SEFs, and how pricing can be compared across SEFs. Sapient Global Markets is working with buy-side firms that must trade on SEFs and with firms setting up as SEF platforms. Paul Gibson and Jim Myers comment on the challenges and opportunities of trading on SEFs.

Sapient Global Markets Details the Challenges and Opportunities of Trading on Swap Execution Facilities, Reference Data Review, February 20, 2014.
As the US swaps market began the transition from telephone trading to electronic trading on swap execution facilities (SEFs) this week, a number of issues hung in the balance, including which of the SEFs that have registered with the US Commodity Futures Trading Commission (CFTC) will be successful, how vendors can support firms trading on SEFs, and how pricing can be compared across SEFs. Sapient Global Markets is working with buy-side firms that must trade on SEFs and with firms setting up as SEF platforms. Paul Gibson and Jim Myers comment on the challenges and opportunities of trading on SEFs.

Mandatory swaps trading just the start of market changes, Wall Street Letter, February 19, 2014.
The swaps industry has just come through the first few days of a transition that will see more of the over-the-counter contracts traded on electronic platforms. But industry consultants at Sapient Global Markets say the transition, courtesy of weekend made-available-to-trade deadlines, are not the end of market structure changes for this space but rather just the beginning. The most recent piece of the CFTCs changes related to its Dodd-Frank Act mandate is the effectiveness of the made-available-to-trade (MAT) rule, which established a cutoff date for bilateral trading of specific swaps contracts and forces them in stages onto swaps execution facilities. The MAT deadlines finalize the main part of the process, but the market structure may be far from final, explained Jim Myers, senior manager at Sapient. The executives also noted the MAT implementation also offers an opportunity to newer SEFs that may not have the incumbent volume to run on momentum. “If they can offer something the established players are not offering that would be a good start,” Gibson said.

European Database Catching On, Asset Backed Alert, February 14, 2014.
The operator of a database covering asset-backed bond deals in Europe is expanding the scope of the product. European DataWarehouse’s central repository so far encompass loan-by-loan information on the collateral pools for 700 securitizations of residential and commercial mortgages, small and mid-size enterprise loans, equipment leases and auto loans — and soon will cover auto-lease deals as well. Next up will be credit-card transactions, whose inclusion is set for April. Dave Colling, a senior manager at Sapient in London, comments on the product’s potential to become a powerful performance indicator for bondholders.

A Bright Future for Swaps Futures, Traders Magazine, February 13, 2014.
While no one expects swaps futures to take over the OTC swaps market, Sapient Global Markets manager Ben Larah expects many market participants will stick with swaps because they can be customized to provide a static hedge. “When there is a mismatch in maturity and duration between the liability and the hedging instrument, constant rebalancing might be required to hedge the liability,” he said.

European Exxchanges gear up for swaps futures, FOW, February, 13, 2014.
New swap futures products and platforms are set to hit Europe this year, sparking a new wave of competition between incumbent exchanges and new players, writes Jonathan Watkins.With over-the-counter execution becoming more expensive as a result of regulatory clearing mandates, investors are turning to swap futures as a cheap alternative in the US. Similar reforms are now set to kick-in throughout Europe, and platforms are positioning themselves to capitalise on similar demand throughout the continent. The CME established the blueprint for swap futures in December 2012 based on a patent owned by and licensed from Goldman Sachs. CME and Goldman own the intellectual property rights on their particular framework of swap future, forcing other platforms to develop their own products to avoid IP issues.“The delays in competing swap future products could be due to people examining a way to launch their own future without coming into any potential IP issues,” added Larah, manager, Sapient Global Markets.

Wall Street's grandfathers of commodities to survive Fed revamp better than others, Reuters, February 12, 2014.
Thanks to a longstanding legal exemption that Fed officials say limits their regulatory capacity, Morgan Stanley and Goldman Sachs may yet emerge from the regulatory upheaval that is upending banks' commodities trading better-off than their peers, who face potentially tougher new rules. Industry insider Chip Register, managing director of Sapient Global Markets, comments on the banks’ recent exodus from the commodity markets.

Analysis – Wall St’s grandfathers of commodities to survive Fed revamp better than others, EuroNews, February 12, 2014.
Thanks to a longstanding legal exemption that Fed officials say limits their regulatory capacity, Morgan Stanley and Goldman Sachs may yet emerge from the regulatory upheaval that is upending banks' commodities trading better-off than their peers, who face potentially tougher new rules. Industry insider Chip Register, managing director of Sapient Global Markets, comments on the banks’ recent exodus from the commodity markets.

Wall Street's grandfathers of commodities to survive Fed revamp better than others, MSN Money, February 12, 2014.
Thanks to a longstanding legal exemption that Fed officials say limits their regulatory capacity, Morgan Stanley and Goldman Sachs may yet emerge from the regulatory upheaval that is upending banks' commodities trading better-off than their peers, who face potentially tougher new rules. Industry insider Chip Register, managing director of Sapient Global Markets, comments on the banks’ recent exodus from the commodity markets.

Wall Street's grandfathers of commodities to survive Fed revamp better than others, Chicago Tribune, February 12, 2014.
Thanks to a longstanding legal exemption that Fed officials say limits their regulatory capacity, Morgan Stanley and Goldman Sachs may yet emerge from the regulatory upheaval that is upending banks' commodities trading better-off than their peers, who face potentially tougher new rules. Industry insider Chip Register, managing director of Sapient Global Markets, comments on the banks’ recent exodus from the commodity markets.

Maker-taker rises up SEC reform agenda, The Trade, February 11, 2014.
A new member of the Securities and Exchange Commission's (SEC) leadership has highlighted reform to maker-taker pricing models as a particular issue the regulator should consider in its holistic review of US equity market structure. Largely adopted by venues to gain market share, maker-taker pricing has the potential to create a conflict of interest between broker and client as the former may choose to direct a trade to a venue based in its economic interests rather than best price for the latter. Jim Myers, senior manager of business consulting at Sapient Global Markets, comments: “By meeting best execution requirements set forth by the national best bit and offer (NBBO), brokers are not acting out of step with the interests of their institutional investor clients by selecting an execution venue based on rebates.”

Could SEF Aggregation be the Next Big Thing in Swaps?, Wall Street & Technology, February 10, 2014.
As the final countdown for SEF trading winds down, buy-side firms are gearing up for the mandatory execution requirement for any class of swap that has been certified through the regulatory process. Some industry watchers say it’s still uncertain as to how the market structure will evolve in terms of the buy side connecting to the various SEFs or whether a different model will emerge. Paul Gibson and Jim Myers of Sapient Global Markets discuss the future of SEF trading and the potential for SEF aggregation.

Europe Takes First Steps Toward Electronic Derivatives Trading, Waters Technology, February 7, 2014.
With provisional agreement on the Mifid II text by European political authorities, electronic execution of derivatives is set to spread over the Atlantic Ocean in the near future. “Originally, in the high-level discussion for OTFs, they suggested that one RFQ might be fine. It’ll be interesting to see if they go very similar to SEFs, or if they try to potentially look toward some types of incentive for participants to move to European trading,” comments Paul Gibson of Sapient Global Markets.

January 2014

Outsourcing responsibility, PE Manager, January 30, 2014.
GPs are being advised to fight the temptation of outsourcing all of their FATCA reporting responsibilities. Speak to any private equity chief financial officer these days and it won’t be long until the Foreign Account Tax Compliance Act (FATCA) crops up. Market sources say keeping a close eye on proceedings will serve the GP well in the long run too. “The whole of the regulatory ethos is a move towards proper governance,” says Chris Collins, director at technology provider Sapient Global Markets. Unfortunately for fund managers, that will mean better understanding the rules in a bill as complicated as FATCA.

The new stranger danger: Lending money for profit, BBC, January 30, 2014.
The latest challenge to too-big-to-fail banking could come from individual investors, not regulators. A new breed of investing platform is trimming the fat from personal and small business loans, allowing individual investors to facilitate transactions that might have taken weeks (or never) to fund through traditional means.

Sapient Global Markets and Energy Data Hub Launch Benchmarking Service for Energy Market Participant, TabbForum, January 30, 2014.
What will be the impact as banks continue to pull back from the physical commodities market. While the banks aren’t likely to see a big hit to their bottom lines, there currently isn’t anyone in a position to fill their traditional role in the energy markets, observes Chip Register, EVP, managing director, Sapient Global Markets. The question now, he adds, is how, from a trading and valuation standpoint, we will transition from a bank-led industry to an industry driven by some other entity. Register and TABB Group’s Neeraj Batra discuss the real dangers of losing banks’ expertise in the space.

Sapient Global Markets and Energy Data Hub launch energy markets benchmarking service, HedgeWeek, January 30, 2014.
Sapient Global Markets and The Energy Data Hub (EDH) have launched an energy markets benchmarking service available to EDH platform users. This service delivers insight into global energy transactions in order to support risk management and trade strategy.

An 'Unsustainable' Position: Obama Dodges Keystone in SOTU Speech, Forbes, January 29, 2014
President Obama’s fifth State of the Union address is already being assessed as something of a non-event, well-delivered but lacking much new thinking. For those interested in energy policy, it was a complete disappointment. The President largely stayed away from any discussion of energy and environmental issues during his sixty-five minute speech. And in the three minutes he did mention energy, he seemed to contradict himself and his own positions.

Sapient and EDH partner for energy benchmarking service, Automated Trader, January 29, 2014.
Sapient Global Markets and The Energy Data Hub (EDH), an independent energy data processing entity, have launched an energy markets benchmarking service, available to EDH platform users. The service delivers insight into global energy transactions in order to support risk management and trade strategy. run Karur, vice president at Sapient Global Markets, said: "EDH is much more than a price reporting utility promoting transparency in the energy markets. It is also a market analysis platform providing a rich set of data and analytics capabilities that users can leverage to drive their transaction decisions in the market. We look forward to our continued work with our partners on the EDH project to drive innovation and deeper insight into the energy markets.

Sapient Global Markets and Energy Data Hub Launch Benchmarking Service for Energy Market Participants, Bobsguide, January 29, 2014
Sapient Global Markets, a division of Sapient (NASDAQ: SAPE), and The Energy Data Hub (EDH), an independent energy data processing entity, today announced the launch of an energy markets benchmarking service, available to EDH platform users. This service delivers valuable insight into global energy transactions in order to support risk management and trade strategy.

Sapient Global Markets and Energy Data Hub Launch Benchmarking Service for Energy Market Participant, TabbForum, January 29, 2104.
Sapient Global Markets, a division of Sapient (NASDAQ: SAPE), and The Energy Data Hub (EDH), an independent energy data processing entity, today announced the launch of an energy markets benchmarking service, available to EDH platform users.

Sapient Global Markets and EDH launch energy-markets benchmarking service, Finextra, January 29, 2014.
Sapient Global Markets, a division of Sapient (NASDAQ: SAPE), and The Energy Data Hub (EDH), an independent energy data processing entity, today announced the launch of an energy markets benchmarking service, available to EDH platform users.

CCS Update: The Evolution of the Emerging Standard for OTC Clearing, DerivSource, January 20, 2014.
DerivSource spoke to Jim Bennett and Phillip Matricardi from Sapient Global Markets for an update on the evolution of the Clearing Connectivity Standard (CCS) and to explore what lies ahead for this OTC clearing standard in the coming year. “The challenge right now is getting everyone on the same page and gaining momentum. From a maturity point of view we are still finalizing the governance for it,” said Bennett and Matricardi.

SCRUNCH TIME FOR SEFs, Markets Media, January 17, 2014
The first hurdle for swap execution facilities took place last year, when the Commodity Futures Trading Commission issued its rules for SEFs, and SEF registration became mandatory as of November 2, following a one-month delay. “As the February deadline for SEF execution approaches, many firms are asking the question, which SEFs should I connect to?” said Paul Gibson, business consultant at Sapient Global Markets, and Jim Myers, senior manager, business consulting TRM at Sapient Global Markets.

 

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