MarketVoice News
Filter
-
CFTC roundtable on non-intermediation focuses on FCM benefits and default waterfalls
The US Commodity Futures Trading Commission hosted a wide-ranging and at times contentious discussion on issues related to intermediation in derivatives trading and clearing on 25 May. The roundtable event was more than six hours long, and included representatives from CFTC-registered derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) as well as trading firms, asset managers, agricultural industry representatives, academics, public interest groups, and others.
CONTINUE READING -
Viewpoint - Playing the long game
Let's set aside the specifics of the FTX proposal for a moment and broaden our lens to what is happening. There is a larger trend impacting the financial services community where technology is revolutionizing the infrastructure of our markets, particularly resolving risk management and settlement.
CONTINUE READING -
Market experts push back on proposed EU ETS restrictions
Warnings come as lawmakers contemplate restricting financial participation in the EU Emissions Trading System.
CONTINUE READING -
FIA CEO Walt Lukken discusses risk management in derivatives markets
Walt Lukken, President and CEO of FIA, recently sat down with the SmarterMarkets team to kick off its next podcast series, "Systems at Risk."
CONTINUE READING -
US Congress questions industry on merits and risks of FTX's non-intermediated model
US lawmakers questioned experts in the derivatives industry on May 12 about the recent proposal from FTX US Derivatives to clear margined products using a non-intermediated model. The hearing conducted by the US House of Representatives Committee on Agriculture was titled "Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models," and featured testimony from FIA President and CEO Walt Lukken.
CONTINUE READING -
People news - April/May 2022
Appointments, promotions and other people news in the derivatives industry
CONTINUE READING -
Market experts push back on proposed EU ETS restrictions
Warnings come as lawmakers contemplate restricting financial participation in the EU Emissions Trading System.
CONTINUE READING -
Commodity futures and clearing FAQ - The value of intermediaries
Modern commodity futures markets provide many important functions, including price-discovery and risk-management. Here's everything you need to know about commodity futures trading and clearing:
CONTINUE READING -
Viewpoint - Getting margin right
When derivatives markets become more volatile, everyone agrees that margin requirements must go up. But how much higher? Set margins too high, and trading becomes too expensive. Set margins too low, and traders take too much risk. It's the Goldilocks problem – margin needs to be just right.
CONTINUE READING -
MarketVoice Podcast - FIA Hall of Fame honors Ken Raisler, Steve Sparke, Steve Staszak and Hiromi Yamaji
In this episode, FIA honors the careers of four distinguished individuals from the cleared derivatives industry who were recently inducted into its Hall of Fame – Ken Raisler, a longtime Sullivan & Cromwell partner and derivatives law expert; Steve Sparke, an industry veteran who served at UBS and Marex; Steve Staszak, former director of clearing operations at CME; and Hiromi Yamaji, who helped to develop the derivatives operations at the Japan Exchange Group. (Hosted by FIA President and CEO Walt Lukken)
CONTINUE READING
