FIA supports ESMA’s proposals to remove the special process of collection and distribution of penalties by central counterparties for cleared transactions. This will allow for the centralisation of collection and distribution process of cash penalties for both cleared and uncleared transactions upon a single entity (central securities depository), allowing for a more straightforward and consistent approach, fully centred on the settlement step regardless of trading flow.
CONTINUE READINGIn the paper, IOSCO lays out a general overview of the DeFi space, and some of the challenges and risks regulators see. FIA EPTA and its members are becoming part of the DeFi space and are pleased to see the growing interest from policymakers and regulators. One of the key challenges that the IOSCO paper tried to tackle is defining what DeFi is, this is also an issue faced by market participants as there is no general view on DeFi yet.
CONTINUE READINGRenewable energy sources are key to supply crisis in power.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry.
CONTINUE READINGFIA joins the U.K. in mourning the loss of Queen Elizabeth II and has begun discussions with market participants in the cleared derivatives industry about the potential of market closures in observance of her passing.
CONTINUE READINGEuronext’s milling wheat derivatives market, the benchmark for the pricing of wheat in Europe, has seen a surge of activity in its options contracts this year. The rise comes as war disrupts production in Ukraine, one of the largest wheat producers in Europe, and physical hedgers adjust to higher margin requirements.
CONTINUE READINGOn 2 September, FIA responded to an independent review of the nickel market disruption on the London Metal Exchange. The review is being conducted by Oliver Wyman, a consulting firm, on behalf of LME.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 6.57 billion contracts in the month of July, the third highest monthly total ever recorded. The July total was down 6.8% from June 2022’s record but up 33.6% from July 2021.
CONTINUE READINGIn a letter filed with the US Department of the Treasury today, the FIA Principal Traders Group (FIA PTG) supported the implementation of real-time public reporting (with appropriate block trade thresholds) for all secondary market cash transactions.
CONTINUE READINGFIA has updated its CCP Tracker visualizations with data from the first quarter of 2022.
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