Trading volume on swap execution facilities reached $882.9 billion in average notional value per day during May 2023. This was up 3% from the previous month but down 5.2% from the same month of the previous year.
CONTINUE READINGFIA President and CEO Walt Lukken discusses the history and the legacy of the Commodity Futures Modernization Act of 2000, the importance of principles-based regulation, and the regulatory building blocks of the exchange-traded derivatives industry with David Greely of SmarterMarkets.
CONTINUE READINGIn a letter filed today with the US Securities and Exchange Commission in response to the Regulation Systems Compliance and Integrity Expansion Proposal (Reg SCI), the FIA Principal Traders Group (FIA PTG) said that the SEC has not justified expanding Reg SCI to broker-dealers nor has it adequately considered alternatives and the impact on competition.
CONTINUE READINGThere are strong market imperatives for financial institutions and corporates to embrace the transition to cleaner energy sources. The Inflation Reduction Act, as well as other government policies, have also created strong incentives for the same.
CONTINUE READINGFIA EPTA members welcome the opportunity to respond to the FCA’s Consultation Paper CP23/11 on Remuneration: Enhancing proportionality for dual-regulated firms. While FIA EPTA does not represent dual regulated firms, we are fully supportive of FCA work to enhance proportionality and tailor rules to the size, scope and risks posed by UK regulated firms and to enhance competition by encouraging growth in the market and the overall competitiveness of the UK economy.
CONTINUE READINGAppointments, promotions, and other people news in the derivatives industry
CONTINUE READINGThe 425km cycle ride from Amsterdam to London caps off a month of fundraising initiatives by the futures industry including the FFK Fun Run.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $343.6 billion in April, down 6% over the last 12 months.
CONTINUE READINGThe US Commodity Futures Trading Commission held a public meeting on 7 June where it unanimously approved a final rule on governance requirements for Derivatives Clearing Organizations (DCOs), which updates information requirements associated with customer funds and futures and swaps positions in the same account. The CFTC also advanced an item related to DCO recovery and resolution planning.
CONTINUE READINGThe US House Committee on Agriculture, which has federal oversight over the US Commodity Futures Trading Commission, held a hearing on 6 June titled "The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets."
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