Americas News
The latest industry and regulatory news affecting North and South America.
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FIA Market Technology division releases leap second recommendations
The FIA Market Technology Division today published a set of recommendations to help the industry prepare for the upcoming leap second event on June 30 and reduce the likelihood of market disruption.
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FIA coordinates industry preparations for leap second event
On Tuesday, June 30, an additional “leap second” was added to realign Coordinated Universal Time (UTC) with mean solar time.
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FIA issues recommendations for efficient swap clearing
On Feb. 4, FIA released a set of recommendations aimed at improving important operational elements of the new clearing infrastructure for over-the-counter derivatives.
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@Markets June 2014
ConvergEx Group, a global brokerage and trading-related services provider, expanded its LiquidPoint options technology business offering of multi-leg solutions to include the NXP Dark algorithm
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Tech Talk January 2014
On Dec. 11 FIA submitted an extensive response to the Commodity Futures Trading Commission’s “Concept Release on Risk Controls and System Safeguards for Automated Trading,” which was issued in September as part of a broad examination of the impact of technology on U.S. futures markets.
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FIA Requests Confirmation of Interpretation of CFTC Rule 1.73 Regarding SEFs and Bunched Orders
FIA writes to the Division of Clearing and Risk on behalf of its member futures commission merchants (“FCMs”) to request confirmation of certain rule interpretations with respect to CFTC Rule 1.73.
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@MARKETS January 2014
The London Metal Exchange’s LME Clear, the exchange’s selfclearing platform, chose The Depository Trust & Clearing Corporation as its partner for LMEwire, a new reporting service that is scheduled to go live in early 2014 to meet trade reporting requirements under the European Market Infrastructure Regulation.
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FIA releases drop copy recommendations
The Futures Industry Association today released a set of recommendations for increasing the usefulness of drop copy systems in exchange-traded markets.
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FIA issues model disclosure form to assist FCMs in complying with CFTC regulation 1.71
On July 13, the FIA issued a model disclosure form to assist futures commission merchants in complying with Regulation 1.71, a Commodity Futures Trading Commission rule that establishes information barriers between FCMs and affiliated swap dealers and major swap participants and requires FCMs to disclose to their customers conflicts of interest in the provision of trade execution or clearing services.
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