Americas News
The latest industry and regulatory news affecting North and South America.
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FIA raises concerns about retroactive re-pricing of energy related to Winter Storm Uri
On March 10, FIA sent letters to Texas officials, including Governor Greg Abbott, raising concerns about a recommendation made by a market monitor of the state’s utility commission for the grid operator to retroactively alter real-time wholesale electricity pricing for two days in February 2021 that experienced unusually high prices due to the Winter Storm Uri.
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FIA PTG supports SEC expansion of Regs ATS and SCI to Government Securities ATSs
In a letter filed with the U.S. Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) supported the proposed expansion of Regulations ATS and SCI to include Government Securities alternative trading systems (ATSs).
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CFTC Market Risk Advisory Committee discusses CCP margin, DCO disclosures
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee (MRAC) on 23 February via teleconference. Among other matters, the MRAC considered reports on CCP margin methodologies at central counterparties and how CCPs adopt rules and respond to feedback from market participants.
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FIA PTG supports FINRA proposed enhancements to TRACE reporting for US Treasury Securities
In a letter filed with FINRA today, the FIA Principal Traders Group (FIA PTG) supported proposed enhancements to TRACE reporting for US Treasury Securities.
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FIA PTG opposes amendment to National Market System Plan governing the Consolidated Audit Trail
On February 8, 2021, FIA PTG submitted a letter to the SEC encouraging the Commission to reject an amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT).
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Resources regarding separate accounts of the same beneficial owner
March 31, 2021, is the deadline specified in the CFTC’s Supplemental Advisory and Time-Limited No-Action Relief Letter 20-28 (“NAL 20-28”) for Futures Commission Merchants (“FCMs”) and their clients to take certain steps with respect to margining of separate accounts with the same beneficial owner and related agreements.
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FIA letter to President Biden highlights priorities and opportunities
On behalf of FIA's membership, we wish you all the success as you begin your work as the 46th President of the United States. Policies affecting financial markets are sure to feature prominently in your agenda, particularly in light of the recent volatility in securities markets.
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FIA PTG joins over two dozen trade groups in opposing NY Stock Transfer Tax
On 3 February, FIA PTG joined over two dozen trade groups in sending letters to the New York legislature in opposition to re-imposing any form of a New York State Stock Transaction Tax (STT).
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FIA statement on the change of administration and new acting chairman of the CFTC
FIA statement on the change of administration and new acting chair of the CFTC
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FIA welcomes Gary Gensler as chair of the Securities and Exchange Commission
FIA President and CEO today made the following statement on the nomination of Gary Gensler to lead the SEC.
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