The Changing Landscape for Derivatives

12 Pages Posted: 26 Apr 2014

See all articles by John C. Hull

John C. Hull

University of Toronto - Rotman School of Management

Date Written: April 24, 2014

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, Changes, Trading, Clearing, Collateral

JEL Classification: G13

Suggested Citation

Hull, John C., The Changing Landscape for Derivatives (April 24, 2014). Rotman School of Management Working Paper No. 2428983. Available at SSRN: https://ssrn.com/abstract=2428983 or http://dx.doi.org/10.2139/ssrn.2428983

John C. Hull (Contact Author)

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada
(416) 978-8615 (Phone)
416-971-3048 (Fax)

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