Americas News
The latest industry and regulatory news affecting North and South America.
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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:
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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.
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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.
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Tech Talk January 2014
On Dec. 11 FIA submitted an extensive response to the Commodity Futures Trading Commission’s “Concept Release on Risk Controls and System Safeguards for Automated Trading,” which was issued in September as part of a broad examination of the impact of technology on U.S. futures markets.
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FIA Requests Confirmation of Interpretation of CFTC Rule 1.73 Regarding SEFs and Bunched Orders
FIA writes to the Division of Clearing and Risk on behalf of its member futures commission merchants (“FCMs”) to request confirmation of certain rule interpretations with respect to CFTC Rule 1.73.
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@MARKETS January 2014
The London Metal Exchange’s LME Clear, the exchange’s selfclearing platform, chose The Depository Trust & Clearing Corporation as its partner for LMEwire, a new reporting service that is scheduled to go live in early 2014 to meet trade reporting requirements under the European Market Infrastructure Regulation.
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News Briefs January 2014
Starting in April, all direct participants on Eurex will be required to comply with a new requirement to flag all orders generated by algorithmic trading with a distinct identification key. In December, the exchange supervisory authority of Hesse, which oversees Eurex, addressed a key issue: how should market participants determine what types of trading will be subject to this new requirement.
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FIA letter to Basel regarding New Liquidity Requirement
FIA submit a letter commenting on Basel's Consultative Document on the Revised Basel III Leverage Ratio Framework.
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FIA releases drop copy recommendations
The Futures Industry Association today released a set of recommendations for increasing the usefulness of drop copy systems in exchange-traded markets.
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