Sophis, a provider of portfolio and risk management solutions, says a survey of risk professionals shows that they expect at least 50% of their CDS trades will move from OCT to exchange-cleared platforms and 73% said that that next generation clearing houses for CDSs are absolutely necessary to improve credit trading

“The finance industry is clearly bracing itself for more substantial changes in 2009. With the leading practitioners in our field asserting that derivatives historically traded over-the-counter will find a home
on an exchange, and that more transparency and improved trade processing are a necessity, we are sure to see strong ripple effects in the technology space,” said Eric Bernstein, Sophis COO.

Filed under: Technology