Futures Accounts: The total amount of customer funds in futures accounts at US FCMs was recorded at $314 billion in the month of November. This was down 0.2% from the previous month but up 7.8% from the previous year. The number of FCMs holding customer funds in futures accounts was recorded at 47 in November, down from 53 a year ago and down from 55 five years ago.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Discussion Paper on Sustainability Disclosure Requirements (SDR) and investment labels (DP21/4). FIA EPTA members believe that for the normalisation of sustainable investing it should be organised in a similar way as with traditional investment products. FIA EPTA members believe that the secondary markets can play a vital role in the shift towards sustainable investing.
CONTINUE READINGFIA has sent a letter to the US Securities and Exchange Commission in support of the agency’s efforts to modernize recordkeeping requirements, and in support of comments filed with the SEC by the Securities Industry and Financial Markets Association on the topic.
CONTINUE READINGFIA and the International Swaps and Derivatives Association (ISDA) welcomed a consultation by the Bank of England (the Bank) on supervisory stress testing. The Associations together agreed overall with the presented approach. However, given the huge effort to run supervisory stress tests, the Associations jointly proposed for global regulators to join forces and run joint SSTs.
CONTINUE READINGFIA joins the futures industry in mourning the loss of Robert J O’Brien, chairman emeritus of R.J. O’Brien, at the age of 103.
CONTINUE READINGFIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the call for evidence On the European Commission mandate on certain aspects relating to retail investor protection. FIA EPTA considers that regulatory measures should be taken to encourage and highlight the benefits of exchange-listed products.
CONTINUE READINGFIA EPTA is looking for a Senior policy advisor – Market Structure. An exciting new role – driving the European market structure discussion
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to ESMA Consultation Paper on Review of the MiFID II framework on best execution reports. FIA EPTA would welcome the opportunity to provide further background to ESMA on the issues raised in our response. FIA EPTA agrees with the proposed change in scope of execution venues i.e. that execution venues for the purpose of the best execution reporting regime for execution venues (RTS 27) should not include ‘market makers’.
CONTINUE READINGFIA and other trade associations welcome clarification from ESMA that national competent authorities are expected not to prioritise supervisory actions in relation to the application of the CSDR buy-in regime.
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