Feds Closer To Setting Up CDS Clearing Houses - CNBC
"By establishing the central clearing houses, if it is done correctly, there will be an honest recognition of capital allocation to every credit default swap contract that gets written," said Cawley.
IDX Capital, an inter-dealer broker of credit derivatives, welcomes Robert Wellner and Peter Capernaros as Vice Presidents assigned to its investment grade & high yield credit derivative desk.
"Robert and Peter have proven careers in institutional sales and entrepreneurship. They are both forward thinkers and we expect they will be a valuable asset to the team. We are excited to be working with them both," says James Cawley CEO.
Robert formerly worked at Merrill Lynch where he worked as an associate in High Yield & Distressed fixed income sales for several years. Previously, Robert worked for iSyndicate in San Francisco and Salomon Smith Barney in New York.
Robert graduated from Colgate University with a Bachelor of Arts in History. Robert also played Division One Men’s Lacrosse at the university.
Peter’s background and experience consists of high yield sales and trading at Miller Tabak & Roberts. In addition, Peter was involved in equity trading for several years on the floor of the New York Stock Exchange for Royal Bank of Canada and Levine Securities.
Peter graduated with a BS in Finance from Arizona State University and also holds an MBA from Fordham University in accounting.
