Informed Options Trading prior to M&A Announcements: Insider Trading?∗ Patrick Augustin† Menachem Brenner‡ Marti G. Subrahmanyam§ McGill University, Desautels New York University, Stern New York University, Stern First Draft: September 2013 This Draft: May 2014 Abstract We investigate informed trading activity in equity options prior to the...
Introduction to Weather Derivatives by Geoffrey Considine, Ph.D., Weather Derivatives Group, Aquila Energy Introduction The first transaction in the weather derivatives market took place in 19971. Since that time, the market has expanded rapidly into a flourishing over the counter (OTC) market. Further growth in the end-user sector is somewhat limited by the credit issues associated with an OTC...
DERIVATIVES MARKET―2015 YEAR IN REVIEW A SUMMARY DERIVATIVES MARKET – 2015 YEAR IN REVIEW: A SUMMARY As we round the corner and wrap up the year, we note that the derivatives market and regulators, alike, have made significant progress in implementing market reforms since the passage of the Dodd-Frank Wall Street Reform and Protection Act (the "Dodd-Frank...
February 9, 2016 THE FINAL MARGIN FRAMEWORK FOR UNCLEARED SWAP TRANSACTIONS To Our Clients and Friends: In December 2015, the Commodity Futures Trading Commission (CFTC) adopted its final rule on margin requirements for CFTC-regulated swap dealers (SDs) and major swap participants (MSPs) with respect to swaps that are not cleared with a derivatives clearing organization or clearing agency...
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TD Ameritrade Futures & Forex LLC FCM-Specific Disclosure Document 600 W. Chicago Ave. Suite 100 î® Chicago, IL 60654-2597 Phone: 773-435-3210 î® Fax: 773-435-3232 TABLE OF CONTENTS Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...
Contacts: Kara Fitzsimmons +1 212 504 6708 kara.fitzsimmons@cwt.com Kimberly Brooks +1 212 504 5652 kimberly.brooks@cwt.com For Immediate Release: Cadwalader Drafts ISDA Document To Assist Derivatives Market Participants First in series of documents to address new margining requirements for non-cleared derivatives New York, NY, April 20, 2016—Cadwalader, Wickersham & Taft LLP,...