ZISHI, the former training arm of prop trading group OSTC, is working with a growing number of universities in the UK to provide undergraduate and postgraduate courses to prepare students for the financial trading world. Already supported by ICE and options market maker Mako Trading, ZISHI is looking for more firms in the derivatives industry to support its efforts as it advances in its mission to provide "financial education for all."
CONTINUE READINGFIA has filed a comment letter responding to the Commodity Futures Trading Commission’s advanced notice of proposed rulemaking on risk management program (RMP) regulations for futures commission merchants and swap dealers.
CONTINUE READINGIn the wake of Silicon Valley Bank’s failure, U.S. regulators announced in July a proposal that raise the amount of capital required for the clearing of over-the-counter (OTC) derivatives. This is a dangerous move that disincentivizes hedging among businesses, runs counter to reforms aimed at preventing government bailouts, and increases costs for consumers and businesses.
CONTINUE READINGFIA EPTA agrees with the FCA’s proposal to appoint a single CTP per asset class through a tender process. Multiple providers would defeat underlying purpose of the Consolidated Tape of having a single golden source for data. Having a single CTP would also reduce the operational burden on data contributors and concentrate the customer base making the business model more economically viable.
CONTINUE READINGThe companies will exhibit in the 2023 Innovators Pavilion, FIA's annual showcase for fintech startups relevant to derivatives trading and clearing. The Pavilion will take place during FIA’s Futures and Options Expo on 2-3 October in Chicago. The startups were selected by an independent committee of industry experts drawn from FIA member firms as well as venture capital firms focused on capital markets.
CONTINUE READINGTrading volume on swap execution facilities reached $955 billion in average notional value per day during August 2023.
CONTINUE READINGFIA has joined with a diverse set of trade associations – 26 in total – in sending a letter to US Securities and Exchange Commission Chair Gary Gensler urging the SEC not to adopt the Safeguarding Advisory Client Assets proposed rule in its current form.
CONTINUE READINGUS oil and gas producers are reducing the amount of protection they are buying against the risk of falling prices, according to an analysis of public disclosures by Wood Mackenzie, the consulting firm.
CONTINUE READINGFIA has responded to the European Supervisory Authorities’ consultations on the first batch of policy products under the Digital Operational Resilience Act (DORA). While FIA generally supports the ESAs’ proposed changes, the responses highlight remaining industry concerns and areas where more clarity is needed.
CONTINUE READINGThe comment period on the Derivatives Market Institute for Standards (DMIST) Consultation Paper on a Standard Regarding Average Pricing has been extended to October 12.
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