FIA EPTA’s members support the FCA’s objectives of promoting market integrity and resilience and preventing disorderly trading and settlement in the commodity markets and our members generally welcome the proposals included in the consultation. We restrict our comments, therefore, to a limited number of issues, as set out in our response.
CONTINUE READINGFIA has submitted a response to the FCA’s commodity consultation. The FCA proposals are based on the UK’s wholesale markets review, initiated by HM Treasury in 2021. While FIA supports FCA’s goals of promoting market integrity and resilience, it is concerned about FCA’s proposed approach to the ancillary activities exemption.
CONTINUE READINGThe Commodity Futures Trading Commission's proposed guidance on voluntary carbon markets is a welcome attempt to strengthen the integrity of these markets, FIA says in a response to the proposal. However, if the CFTC intends to establish additional requirements for exchanges that list derivatives on carbon credits, it should engage in a formal rulemaking process.
CONTINUE READINGAnalysis of market data from a day when a partial outage prevented liquidity providers from accessing a major pan-European exchange has revealed that their absence materially decreased volumes and increased the cost of trading.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC to reject the Proposal which would reduce the current 15-Minute TRACE reporting timeframe to one minute across certain bond markets.
CONTINUE READINGFIA today announced the induction of 12 new members into the FIA Hall of Fame. The new members will be honored at an awards ceremony during FIA's annual International Futures Industry Conference in Boca Raton, Fla., on 12 March.
CONTINUE READINGDaniel Gorfine, founder and CEO of Gattaca Horizons, talks to FIA President and CEO Walt Lukken about his time leading innovation at the CFTC, the rise of AI in financial services, digital asset regulation, and more.
CONTINUE READINGOn 13 February, FIA will provide remarks to the Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee highlighting the impact that pending US bank capital proposals will have on the cleared derivatives markets.
CONTINUE READINGCharles Carey was a founder and partner of HC Technologies, formerly Henning and Carey, a commodity trading firm and clearing member of CME Group.
CONTINUE READINGTimothy Doar retired as managing director and chief risk officer of CME Group’s clearinghouse division in 2014, having held managing director responsibilities for 10 years overseeing CME Clearing’s exposure to counterparty risk as well as its financial safeguards and risk management approach.
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