The FIA Principal Traders Group (FIA PTG) recently joined 24 trade associations (Associations) in a joint letter to the Securities and Exchange Commission (Commission) regarding the importance of sufficient comment periods in connection with regulatory proposals.
CONTINUE READINGFIA has responded to a consultation published by the European Securities and Markets Authority (ESMA) seeking input on the current calibration of the antiprocyclicality tools, and whether proposed revisions to existing Regulatory Technical Standards (RTS) may be necessary.
CONTINUE READINGThe US House Agriculture Committee held a hearing on 31 March featuring Rostin Behnam, chairman of the US Commodity Futures Trading Commission, to discuss the agency's current priorities and upcoming work areas. The hearing, titled "The State of the CFTC," was dominated by questions related to the regulation of futures based on bitcoin and other digital assets.
CONTINUE READINGA recent survey of derivatives market participants showed key trends in crypto-related innovations, the global clearing ecosystem, cloud computing, and operational risks, among other areas. Stephen Bruel, who heads the Derivatives and FX practice on the Market Structure and Technology team at Coalition Greenwich, shares key data points from the firm's recent survey and what the data may mean for the future of the global derivatives industry. (Hosted by Will Acworth).
CONTINUE READINGWashington, DC – FIA President and CEO Walt Lukken today made the following statement on the U.S. Senate confirmation of Christy Goldsmith Romero, Kristin Johnson, Summer Kristine Mersinger, and Caroline Pham to each be commissioners at the US Commodity Futures Trading Commission:
CONTINUE READINGB2C2 is a crypto-native liquidity provider across market conditions. Offering a full product set across spot, funding and derivatives, the firm launched options trading in October 2021, and traded the first ever NDF in November 2021. B2C2 is relied on by 450+ institutions - including agency OTC desks, aggregators, banks, exchanges, family offices, FX brokers and hedge funds - to provide 24/7 liquidity.
CONTINUE READINGLCH SA, the Paris-based clearinghouse within the London Stock Exchange Group, has expanded the range of contracts that can be cleared through CDSClear, its clearing service for credit default derivatives. The move is part of the clearinghouse's goal of ramping up its share of the European credit derivatives market and expanding its clearing services to US-based members and clients.
CONTINUE READINGFIA EPTA members would like to emphasise that we value and support the objective by BaFin to prioritise investor protection. We agree that it is of the utmost importance to ensure that financial markets are transparent and safe for retail investors. However, as said, we do not consider that banning listed futures trading for retail investors, as now proposed by BaFin, will contribute to this objective, and in our view rather the opposite.
CONTINUE READINGOn 11 February, ASX issued its “Consultation on proposed changes to the ASX Recovery Rules to allocate US settlement bank investment losses between the ASX CCPs and their clearing participants”. The propose changes seek to address the increased investment exposure of clearing members to US settlement banks due to the inclusion of variation margin exposures in ASX Clear (Futures) overnight (2 a.m.) margin calls.
CONTINUE READINGAfter three years away, Boca exceeded my expectations. Nothing was going to dissuade our industry from getting back together in 2022. Last week, FIA welcomed nearly 1,100 delegates to Boca, matching our pre-pandemic numbers for conference attendees. We also saw record sponsorships, thanks to many traditional partners and some first timers who see our industry as strategically attractive.
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