The Commodity Futures Trading Commission is attempting to update its regulatory framework for derivatives clearinghouses to address the rise of new business structures that integrate certain functions that previously were separated. The agency’s five commissioners disagree on the way forward, however, with some calling for moving forward one step at a time and others urging a slower, more comprehensive approach. Two pending proposals have brought these differences to light.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission, the FIA Principal Traders Group (FIA PTG) offered additional comments on the SEC's Definition of a Dealer proposal. FIA PTG said that while it appreciates the importance of the proposal's stated goals to prevent market disruptions and support market transparency, integrity, resiliency, and investor protection, it fails to see how this proposal addresses any of those issues in a meaningful way.
CONTINUE READINGCollaborative efforts would not be possible if our members didn’t set aside their self-interests and eagerly dedicate their time to solving broader industry problems.
CONTINUE READINGOn 11 December a coalition of agriculture and energy trade associations formally submitted two comment letters regarding the Basel III Endgame Proposal issued by the three main US banking regulators as well as the GSIB Surcharge Proposal issued by the Federal Reserve.
CONTINUE READINGOpen interest climbs to record high amid rate uncertainty
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGUgo Bassi, Director of Financial Markets at FISMA, European Commission, sat down with FIA President and CEO Walt Lukken at our Asia Derivatives Conference in November to discuss the progress of the EU’s Capital Markets Union, including digital assets regulation, third-country CCP recognition and equivalence, and other key work that could have an impact on the Asia-Pacific region.
CONTINUE READINGThe US Commodity Futures Trading Commission held a meeting of the Market Risk Advisory Committee on 11 December to discuss several current policy issues affecting the derivatives industry.
CONTINUE READINGAt Kemet Trading, we believe that digital asset derivatives are the next frontier of institutional trading. To put things in perspective, the trading volume for US equity options is around 3500% larger than the spot market. In the digital assets market, that same comparison is 2%. Although there is a massive opportunity for growth in the digital asset derivatives market, the market is currently extremely inefficient.
CONTINUE READINGFIA Principal Traders Group (FIA PTG) has published an essay calling for Congressional oversight over Consolidated Audit Trail (CAT) funding. FIA PTG cites dramatically spiraling costs – both historical and ongoing, persistent budget overruns, and a model that lacks incentives to manage costs, as the rationale for this appeal.
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