Americas News
The latest industry and regulatory news affecting North and South America.
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FIA board chair Crighton testifies on CFTC reauthorization
There is tremendous change facing the cleared derivatives markets today, especially when compared to 2008 when the CFTC was last reauthorized. FIA strongly supports the reauthorization of the CFTC, as it reinforces the agency’s mission and central role in safeguarding markets critical to the global economy.
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FIA responds to CFTC on the use of tokenized collateral and on the report of the President's Working Group on Digital Asset Markets
FIA has filed comments with the CFTC on tokenization, stablecoins and digital asset market structure.
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FIA responds to request for comment from TMX on ongoing information requirements for approved participants
In responding to proposed rule changes from TMX, FIA expresses support for the larger project underway to revise TMX's Approved Persons framework and voices concerns about the burden associated with the most recent proposed rule changes.
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FIA comments on ICE's US Treasury clearing proposal
FIA filed comments with the US Securities and Exchange Commission responding to ICE Clear Credit's proposed US Treasury clearing rules. The letter commends ICC for its efforts to expand its clearing services to the U.S. Treasury market and recommends refinements to certain aspects of the proposed rules to ensure predictability and clarity for clearing firms and market participants that will participate on ICC's platform, once approved.
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FIA asks CFTC to sunset swaps large trader reporting rules
FIA submitted a petition to the Commodity Futures Trading Commission to sunset its Part 20 regulations for large trader reporting for physical commodity swaps. Issued in 2011 as a temporary swaps data collection measure, the CFTC has since established a comprehensive reporting regime for swaps through a series of rulemakings that has rendered the Swaps LTR Rules redundant and unnecessary.
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FIA PTG Position Paper - Regulation NMS: A Renewed Call for Reform
FIA Principal Traders Group advocates for targeted reforms to Regulation NMS, addressing its impact on costs, best execution, venue proliferation and the generation of complex order types. As feared at the time of adoption, these provisions have led to unimaginable increases in cost and complexity as a result of venue and order type proliferation as well as a narrow interpretation of best execution.
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FIA responds to CFTC spot crypto listing initiative
FIA has responded to the US Commodity Futures Trading Commission’s spot crypto listing initiative, which invites stakeholders to work with the Commission “on providing regulatory clarity on how to list spot crypto asset contracts on CFTC-regulated designated contract markets” using the Commission’s “existing authority” under the Commodity Exchange Act.
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FIA PTG Responds to FINRA Proposal to Extend TRF Hours
In a letter filed with the US Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) supported FINRA's proposal to extend Trade Reporting Facilities (TRFs) operating hours and align them with current Securities Information Processors (SIP) hours. FIA PTG urged the SEC to approve the Proposal and to require both the TRFs and SIPs to continue to remain aligned as they expand their hours to accommodate expanded market hours.
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FIA responds to Senate Banking RFI on market structure legislation
The Senate Banking Committee published its version of proposed legislation on market structure and digital assets and issued a request for information. FIA has responded with its views, including commentary on the role of the CFTC, the importance of market intermediaries, and other topics.
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FIA PTG responds to SEC Crypto Task Force
Today the FIA Principal Traders Group (FIA PTG) provided written input to the US Securities and Exchange Commission (SEC) Crypto Task Force in response to their request for information.
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