The trend towards the de-mutualization of exchanges that began in the early 2000s has resulted in the most significant European exchanges being for-profit organisations. There has also been substantial consolidation amongst exchanges in Europe arising from acquisitions by other exchanges. Furthermore, there have been acquisitions by exchanges of entities not involved or only peripherally involved in exchange-type activities resulting in a significant dilution of the importance of revenues arising from execution fees to the overall revenues of the groups operating these exchanges.
CONTINUE READINGFieldfisher is a European law firm with practices in technology, financial services, energy and natural resources and life sciences. Its European network is supported by offices in the US and China and international partner firms, enabling it to advise clients around the world across time zones and disciplines.
CONTINUE READINGAs operations and clearing becomes more automated, operations professionals are increasingly impacted by technology issues. The FIA Operations Americas Division is forming a Post-Trade Technology Committee to consider topics such as tokenization, how artificial intelligence can be used in futures operations, and solving inefficiencies in the post-trade process. The new committee also will interface with CCPs on technology updates to existing systems as well as new initiatives.
CONTINUE READINGLeaders of the largest European derivatives exchange operators have offered their perspectives on how a changing political landscape could potentially affect the financial markets.
CONTINUE READINGDespite major gains in the efficiency of futures markets over the last 20 years, a panel of industry leaders say fragmented regulation stands in the way of further efficiency.
CONTINUE READINGTwo Sigma is a financial sciences company that combines advanced technology and data science with rigorous human inquiry to generate alpha for its clients. The company delivers solutions in investment management, securities, private equity, and venture capital.
CONTINUE READINGFIA and the FIA Principal Traders Group along with several other financial services trade associations have filed an amicus brief in a second case involving the US Federal Trade Commission’s proposed rule that would ban nearly all noncompete agreements in the US.
CONTINUE READINGFIA and the FIA Principal Traders Group along with several other financial services trade associations have filed an amicus brief in a second case involving the US Federal Trade Commission’s proposed rule that would ban nearly all noncompete agreements in the US.
CONTINUE READINGIn a letter filed with the Commodity Futures Trading Commission, the FIA Principal Traders Group raised concerns with the self-certified rule change by the Chicago Board of Trade that extends the block trade reporting window for certain CBOT US Treasury futures contracts.
CONTINUE READINGFIA filed a formal letter of opposition to California SB 1036, which would impede the development of robust and well-regulated voluntary carbon markets (VCMs). The legislation would subject entities that sell, issue, and engage in other activities relating to voluntary carbon offsets to heightened penalties under California law.
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