MWE: Kevin Wolf – Market Structure Change Presents Commercial Opportunity

The fall of Lehman Brothers ushered in a period of regulatory change, with one of the goals being to trim the use of OTC swaps and instead have more centrally cleared products. Given the huge size of that market – at the end of 2014 there was $400 trillion notional outstanding – this regulatory shift presented an opportunity.

That’s where Eris Exchange stepped in. Eris is the name of the largest known dwarf planet and also the Greek goddess of strife and discord — a relevant reference given the tumult that birthed the platform. In this video Kevin Wolf, chief business and product development officer with Eris, tells how the exchange took advantage of the regulatory shift and developed a futures contract that simulates OTC swaps.

While it can be frustrating that there are so many missing details in regulations, remember that the shifting sands of compliance also open doors that did not previously exist.



Other MarketsWiki Education Series’


MWE SHORT: Ben Van Vliet – The Nature of Competition

MWE SHORT: Ben Van Vliet – The Nature of Competition

“You can’t tell Derrick Rose or LeBron James he’s not allowed to fake out an opponent.”

Ben Van Vliet, Assistant Professor and Associate Director at the Illinois Institute of Technology, discusses the nature of competition in the financial industry and the impact of deception in the markets.