FIA and FIA Principal Traders Group have filed an amicus brief along with several other financial services trade associations in a case involving the US Federal Trade Commission’s recently issued rule that bans nearly all noncompete agreements in the US. In their brief, the associations highlighted the practical challenges of the rule for the financial industry and warned that it would harm competition and endanger confidential information.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 15.19 billion contracts in April. This was up 2.4% from March 2024 and up 89.9% from April 2023.
CONTINUE READINGAppointments, promotions, and other people news in the derivatives industry
CONTINUE READINGTrading volume on swap execution facilities reached $1.31 trillion in average notional value per day during April 2024, the fourth highest level ever recorded. This was up 11.6% from the previous month and up 52.4% from the same month of the previous year.
CONTINUE READINGAn influential member of the US House of Representatives is pressing US banking regulators to address concerns expressed by derivatives end-users about the proposed increase in bank capital requirements that will increase the cost of clearing.
CONTINUE READINGMutual funds have dramatically increased their holdings of US Treasury futures over the last three years as they have adjusted to a higher interest rate environment and used the leverage embedded in futures to boost their returns, according to research by staffers at the Federal Reserve Board of Governors.
CONTINUE READINGFIA has responded to a discussion paper released by international standard setters that sets out eight "effective practices" for streamlining variation margin in centrally cleared markets. The discussion paper addresses the need for greater transparency and understanding of margin practices at central counterparties, particularly in light of recent episodes of market volatility triggered by the COVID crisis and Russia's invasion of Ukraine.
CONTINUE READINGFIA has responded to a discussion paper released by international standard setters that sets out eight "effective practices" for streamlining variation margin in centrally cleared markets. The discussion paper addresses the need for greater transparency and understanding of margin practices at central counterparties, particularly in light of recent episodes of market volatility triggered by the COVID crisis and Russia's invasion of Ukraine.
CONTINUE READINGThe FIA Operations Americas Division held a workshop in May to consider the practical implications of clearing 24-hours-per-day/7-days-a-week in the current ecosystem.
CONTINUE READINGIn March, the turnover in index options on NSE India was equivalent to 61% of the turnover in index options on CBOE, Nasdaq and other US options exchanges. When ETF options are included, the NSE India turnover was equivalent to 43% of the comparable contracts in the US.
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