FIA EPTA welcomes the FCA’s proposals on improving bonds and derivatives transparency. Our members are very supportive of both the ambition and simplicity shown regarding both pre-trade and post-trade transparency. A less complex regime will be easier for firms and trading venues to comply with and administer and above all will make UK capital markets more attractive. The inclusion of sovereign bonds in this ambitious framework is a particularly innovative step and will support the growth and competitiveness of UK capital markets with tangible benefits to the real economy.
CONTINUE READINGThe US Commodity Futures Trading Commission's Global Markets Advisory Committee held a meeting on 7 March in Washington DC that featured a robust agenda including a panel discussion about the proposed US bank capital rules and the negative implications on derivatives markets and market participants.
CONTINUE READINGTrading volume on swap execution facilities reached a record $1.24 trillion in average notional value per day during February 2024. This was down 16.4% from the previous month but up 13% from the same month of the previous year. Compared to January 2024, trading was down in every sector.
CONTINUE READINGFIA welcomes the Financial Conduct Authority’s proposals regarding the revised bond and derivative transparency regime in the UK. Resilient and robust markets are of key importance to FIA members and FIA supports the consultation’s stated aim of streamlining transparency requirements so that they better reflect the nature and depth of liquidity in the market.
CONTINUE READINGFIA today announced the winners of its President's Award, an annual honor that recognizes outstanding individuals for their contributions to the global cleared derivatives industry over the past year.
CONTINUE READINGSullivan & Cromwell’s Commodities, Futures and Derivatives team will discuss recent CFTC and SEC enforcement actions involving MNPI-related violations and their implications for physical commodities and derivatives markets and market participants.
CONTINUE READINGDMIST also announced changes to its organizational structure to help accelerate the pace of development and adoption of standards in the exchange-traded derivatives markets.
CONTINUE READINGFIA and FIA EPTA have submitted responses to three consultations issued by the European Supervisory Authorities on the second batch of policy products under the EU Digital Operational Resilience Act (DORA). The consultations cover regulatory technical standards on the subcontracting of information and communication technology (ICT) services, content, timelines and templates for incident reporting, and threat-led penetration testing.
CONTINUE READINGThe March 2024 issue of FIA's MarketVoice Boca magazine has just been published. The publication incudes our latest report on derivatives industry trends, an exploration of tech trends in derivatives markets, a look at the shifting European clearing landscape, the promise of tokenization, and much more!
CONTINUE READINGFIA EPTA members welcome the opportunity to respond to IOSCO’s consultation on market outages and are supportive of the work being done on this topic, particularly efforts to require trading venues to publish clear comprehensive outages plans on an ex-ante basis. Market resilience is at the core of efficient and competitive financial markets and it is imperative that trading venues clearly outline a well-planned approach to communication and management in the event of a market outage to provide certainty to market participants.
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