LCH, the UK clearinghouse that processes more than 80% of the global market for interest rate swaps, offers a clearing service called ForexClear to participants in the over-the-counter FX markets. This year LCH has seen a steady increase in the number of firms using this service and a large increase in the volume of transactions processed through that service.
CONTINUE READINGFIA president and CEO Walt Lukken made the following statement today regarding the approval of CME’s futures commission merchant (FCM) license.
CONTINUE READINGTrish Foshée, the longtime president and CEO of the Institute for Financial Markets (IFM), will retire at the end of 2024.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 20.09 billion contracts in September, the highest level ever recorded. This was up 3.8% from August 2024 and up 48.8% from September 2023.
CONTINUE READINGFIA voiced concerns regarding a proposed rule on joint data standards issued by several financial regulators (including the CFTC, SEC, and Treasury).
CONTINUE READINGSeveral topics shaped the discussions including the Draghi report, EMIR 3.0 and the active account requirement, the final countdown to DORA implementation, operational resilience, and the real-world applications of blockchain and tokenised assets.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) urged the SEC to take the following actions to ensure equalization of the entire Nasdaq collocation campus (NY11 and NY11-4) is completed expeditiously.
CONTINUE READINGIn addition to discussing conflicts of interest, roundtable participants shared their views on the custody and delivery of digital assets, full collateralization, 24/7 trading and non-intermediated clearing with margin.
CONTINUE READINGChris Brummer joined Walt Lukken to discuss his impression of law students, the trends he sees in the cleared derivatives industry, crypto permeating the presidential policy debate and DC Fintech week.
CONTINUE READINGThe European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets, has published a report titled "High-level Roadmap for Adoption of T+1 in EU Securities Markets."
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