Americas News
The latest industry and regulatory news affecting North and South America.
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Red October
U.S. regulatory agencies issued a joint report in July on their analysis of an extraordinary wave of trading in the Treasury market on Oct. 15. On that day, the prices of Treasury bonds and Treasury futures made a very large swing in just 12 minutes, with no obvious catalyst, prompting widespread concern about the potential for further volatility.
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Mandatory Trading
The CFTC’s Division of Market Oversight held a public roundtable on July 15 to discuss the “made available for trade” process for determining which swaps should be subject to the CFTC’s mandatory trading requirements.
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Global Derivatives Reform
On July 24 the Financial Stability Board, the international body that coordinates financial sector reforms under the authority of the Group of 20 nations, published its ninth progress report on the global implementation of derivatives market reforms.
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An invitation from Walt Lukken - we want to hear from you
In the world of futures and cleared derivatives, relevant, timely and reliable data is vital in making smart decisions. This holds true for FIA’s own operations and decision-making as it pertains to supporting our loyal members. As such, I am pleased to announce that FIA is undertaking an in-depth engagement with our members to better understand how we can continue to evolve and serve you in a rapidly changing and globalizing industry.
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FIA coordinates industry preparations for leap second event
On Tuesday, June 30, an additional “leap second” was added to realign Coordinated Universal Time (UTC) with mean solar time.
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FIA Market Technology division releases leap second recommendations
The FIA Market Technology Division today published a set of recommendations to help the industry prepare for the upcoming leap second event on June 30 and reduce the likelihood of market disruption.
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Record Fine
Deutsche Bank announced on April 23 that it reached joint settlements with U.K. and U.S. regulators as part of an industry-wide investigation into manipulation of interest rate benchmarks.
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FIA elects Directors and Officers
Washington, D.C. and Boca Raton, Fla.—March 10, 2015—FIA today announced the election of directors to its board at its annual meeting in Boca Raton, Fla. Eleven directors were elected in total at this meeting, including eight regular member directors for two-year terms and three associate member directors for two-year terms. Following the election, the new board elected the association’s officers and public directors.
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FIA issues recommendations for efficient swap clearing
On Feb. 4, FIA released a set of recommendations aimed at improving important operational elements of the new clearing infrastructure for over-the-counter derivatives.
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FIA Webinar: ICE Futures U.S. and ICE Futures Canada Disruptive Trading Practices
Representatives from ICE Futures U.S. and ICE Futures Canada gave a presentation and answered questions regarding recent changes to ICE Futures US and ICE Futures Canada rules governing disruptive trade practices. Speakers included Mark Fabian, Vice President, Market Regulation, ICE Futures U.S. and Steve Teller, Director, Market Regulation, ICE Futures Canada.
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