Americas News
The latest industry and regulatory news affecting North and South America.
-
@Markets June 2014
ConvergEx Group, a global brokerage and trading-related services provider, expanded its LiquidPoint options technology business offering of multi-leg solutions to include the NXP Dark algorithm
CONTINUE READING -
FIA PTG Comment Letter on Pilot Programs
FIA Principal Traders Group (“FIA PTG”) is sharing its thoughts on the use of pilot programs.
CONTINUE READING -
Anti-Money Laundering: FIA Asks CFTC for No-Action Letter on Customer Identification
The Futures Industry Association, on behalf of its member firms and similarly situated futures commission merchants and introducing brokers (each, a “Firm”), respectfully requests the staff of the Commodity Futures Trading Commission (“Commission”) to confirm that it will not recommend that the Commission initiate an enforcement action against a Firm, if the Firm, in complying with its obligations under the customer identification rule (“CIP Rule”), relies on certain commodity trading advisors (“CTAs”) to perform elements of the Firm’s customer identification program notwithstanding that such CTAs currently are not subject to an anti-money laundering program rule under 31 USC 5318(h) (“AML Rule”) for the purposes of paragraph (b)(6) of the CIP Rule.
CONTINUE READING -
-
FIA Webinar: Washington Update: A Briefing on CFTC Reauthorization, CFTC Nominations Process & Other Key Issues
The U.S. House of Representatives is set to consider legislation to reauthorize the Commodity Futures Trading Commission. The bill, which was approved by the House Agriculture Committee on April 9 by a voice vote, reauthorizes the CFTC through September 2018. The legislation also includes provisions to better protect customer assets, it revises the organizational and operational requirements of the CFTC, and it provides regulatory relief to end-users of derivatives. Dawn Stump, FIA's head of government affairs, will give a brief presentation on the reauthorization legislation approved by the House Agriculture Committee and the process for advancing such legislation through the full House of Representatives and U.S. Senate, as well as the status of current CFTC nominees being considered in the Senate.
CONTINUE READING -
US and European Financial Services Trade Associations statement on TTIP
The undersigned financial services trade associations, based in the US and Europe, today issued the following statement in support of a Transatlantic Trade and Investment Partnership (TTIP) that includes financial services regulatory coordination, in advance of the March 26 EU-US Summit attended by US President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso:
CONTINUE READING -
FIA elects Directors and Officers
FIA today announced the election of board directors at its annual meeting in Boca Raton, Fla. Fifteen directors were elected in total at this meeting, including eight regular member directors for two-year terms; two regular member directors for one-year terms; four associate member directors for two-year terms; and one associate member director for a one-year term. Following the election, the new board elected the association’s officers and public directors.
CONTINUE READING -
FIA Volume Report: Global Futures and Options Volume Rose 2.1% to 21.64 Billion in 2013
FIA today released its annual report on global trends in the trading of futures and options. According to statistics gathered by FIA from 84 exchanges worldwide, 21.64 billion futures and options contracts were traded in 2013, an increase of 2.1% from the previous year, but still well below the number of contracts traded in 2011 and 2010.
CONTINUE READING
