FIA EPTA’s members have elected a new Executive Committee (ExCo) as the governing body of the industry organization. Niels Lemmers (Flow Traders B.V.) and Mark Spanbroek (Independent) were re-elected for a two-year term and Emma Lokko (Susquehanna International Group Limited) and Alistair McGrath (Tower Research Capital Europe Limited) were newly elected. Mark Spanbroek was re-elected for his final term as Chairman and Niels Lemmers was elected as Vice Chair, both unanimously by the ExCo members of FIA EPTA.
CONTINUE READINGOpening remarks of Walt Lukken, President and CEO of FIA, at the International Derivatives Expo conference in London on 7 June, 2022.
CONTINUE READINGLondon — FIA today announced the election of new directors to its Board of Directors, including the appointment of Alicia Crighton of Goldman Sachs & Co as its first-ever female Chair.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the European Commission consultation on the functioning of the ESG ratings market in the European Union and on the consideration of ESG factors in credit ratings FIA EPTA members believe regulation is needed to build credible and meaningful ESG ratings. Investors need the ESG ratings for their investment decisions, as ESG investments are growing, the demand for ESG ratings will only grow.
CONTINUE READINGWorking through FIA, experts from asset managers, clearing firms and clearinghouses have come together around a plan to establish standards for post-trade processes in the futures industry. An independent standards body is now being formed that will guide the development of industry standards. The expectation is that the adoption of these standards will lead to more automation in the workflow, a reduction in errors and delays, and a better customer experience.
CONTINUE READINGOn 2 June, the US Commodity Futures Trading Commission (CFTC) held its first-ever Voluntary Carbon Markets Convening. The purpose of the meeting was to discuss issues related to the supply and demand for high quality carbon offsets, including product standardization and the data necessary to support the integrity of carbon offsets' greenhouse gas emissions avoidance and reduction claims.
CONTINUE READINGFIA President and CEO Walt Lukken highlighted the importance of global derivatives markets in risk-managing the transition to a more sustainable global economy in a recent interview with SSE TV.
CONTINUE READINGTrading volume on swap execution facilities reached $887.4 billion in average notional value per day during April 2022. This was down 21.7% from the previous month but up 18.8% from the same month of the previous year. Trading was down in every sector except for FRA trading.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group strongly opposed the SEC's Further Definition of “As a Part of a Regular Business” in the Definition of Dealer and Government Securities Dealer proposal and urged the SEC not to move forward with finalizing it.
CONTINUE READINGThe US Commodity Futures Trading Commission hosted a wide-ranging and at times contentious discussion on issues related to intermediation in derivatives trading and clearing on 25 May. The roundtable event was more than six hours long, and included representatives from CFTC-registered derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) as well as trading firms, asset managers, agricultural industry representatives, academics, public interest groups, and others.
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