To address the needs of the industry, FIA works closely with our members to develop industry-wide standards and solutions, build communities of information sharing and support and provide annual opportunities to assess systems and processes.
Current Initiatives
Tag 1031
FIA Execution Source Code, aka "Tag 1031", is an FIA led industry initiative in conjunction with FIA Tech.
The goal of the initiative is to provide futures industry participants with a standardized data schema that aims to clearly identify the execution method used for Exchange Traded Derivative trades at point of origin, allowing executing and clearing brokers to easily reference the appropriate brokerage rate for the execution method
Learn moreDisaster Recovery Exercise
Now in its 17th year, FIA is helping the global cleared derivatives industry plan for its annual business continuity test. Registration is scheduled to open in June. For more information, contact Steve Procter at sprocter@fia.org.
The annual exercise is a coordinated industry effort to test business continuance, process recovery, connectivity and functionality between exchanges, clearinghouses and their member firms. Participants are provided with an opportunity to test the resiliency of their trading systems by conducting order entry from alternate recovery sites and verifying connectivity with exchanges and clearinghouses.
Learn moreCOVID-19
FIA is closely monitoring the latest developments related to COVID-19 and its impact on the global cleared derivatives industry.
Get up to speed on the latest updates from FIA, regulatory bodies around the globe, exchanges and CCPs as well as regional "stay-at-home" and "shelter-in-place" orders.
Learn moreGuidance
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The Criminal Provisions of the Commodity Exchange Act
This webinar provides an overview of the criminal provisions of the Commodity Exchange Act and practical insights for firms to avoid liability. Specific topics will include: the elements of criminal violations under the CEA, notable prosecutions brought under the criminal provisions, analysis of why prosecutors prefer using the wire fraud and commodities fraud statutes to charge commodities fraud schemes, how criminal prosecutors analyze potential criminal commodity violations as well as their process for approving charges and practice pointers for avoiding criminal scrutiny for CEA violations. Jones Day attorneys draw on their prior experience at both the CFTC and DOJ where they served in senior roles. CONTINUE READING -
Trends in ETD Trading: Year in Review
FIA’s quarterly review of ETD volume and open interest spotlights top trends in trading activity in the global listed derivatives markets over the course of 2025, with expert insights from Morgan Stanley's Erin Perzov and Reed Staub. The discussion covers such topics as the explosive growth in precious metals trading, institutional use of short-duration options, and the double-digit growth in open interest in government debt futures in Europe, Asia-Pacific, and the US. CONTINUE READING -
Regulation and Development of Event and Prediction Markets
Presenters will first identify what event markets and prediction markets are, as well as the commonalities and the differences between the two. Next, the discussion will focus on CFTC’s regulatory authority over these markets, what constitutes (or does not) gambling and betting, and how these markets have been developing in the past several years. Finally, presenters will survey recent litigation involving the States and attempt to predict what this industry will likely look like in a few years given legal, political, market and technological developments.
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ETD Volume - November 2025
Worldwide volume of exchange-traded derivatives reached 10.52 billion contracts in November. This decreased 10.7% from October 2025 and decreased 37.4% from November 2024. CONTINUE READING -
Litigating Under the CEA
With the ongoing evolution of derivatives market infrastructure, and with the advent of new derivatives products, the Commodity Exchange Act is becoming an increasingly relevant statute in state and private party litigation. An expert panel from Milbank LLP presents a timely discussion of cases and controversies under this time-tested law in the emerging financial markets space.
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ETD Volume - October 2025
Worldwide volume of exchange-traded derivatives reached 11.77 billion contracts in October. This increased 7.4% from September 2025 but decreased 43.1% from October 2024. CONTINUE READING
About the Operations Americas Division
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FIA Operations Americas promotes industry cooperation and the exchange of ideas among FIA members throughout the Americas. Five active committees meet on a regular basis: brokerage, clearing & trade management, deliveries, financial management and education & events. Membership in the Division is annual and supports the development of the operations community in the Americas.
