Americas News
The latest industry and regulatory news affecting North and South America.
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Special Report: CFTC examines High Frequency Trading
The Commodity Futures Trading Commission hosted a wide-ranging discussion of high-frequency trading at a meeting of its Technology Advisory Committee on March 29, 2012. CFTC Commissioner Scott O’Malia, who chairs the advisory committee, announced the formation of a subcommittee consisting of 24 experts from the private sector who will help the agency develop a definition of HFT and update its regulatory policies. During the discussion, representatives of Intercontinental Exchange and CME Group described their risk controls and surveillance systems in considerable detail. In addition, representatives of Getco and RGM Advisors gave their perspectives on the evolution of trading technology and their recommendations for how the CFTC should respond to the increase in automated trading.
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FIA publishes order handling Risk Management recommendations for Executing Brokers
Building on recent FIA publications, including Market Access Risk Management Recommendations (April 2010) and Recommendations for Risk Controls for Trading Firms (November 2010), this document offers a number of recommendations for executing firms to consider both in designing policies for their own brokers that handle orders electronically and in dealing with customers that access the markets through a broker’s trading platform.
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Panel provides perspectives on high frequency trading and Its overall impact on the market
The FIA Information Technology Division brought together a panel of expert practitioners on Sept. 1 to discuss high-frequency trading, explore common misperceptions about its impact on the exchange-traded markets, and explain its role in providing liquidity.
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FIA comments on regulatory responses to the May 2010 Flash Crash
The FIA on July 28 submitted a comment letter to the Commodity Futures Trading Commission and the Securities and Exchange Commission expressing its views on certain regulatory initiatives recommended by a joint advisory committee established by the two agencies in response to the market events of May 2010, also known as the “flash crash.”
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FIA Webinar: The FIA-ISDA Cleared Derivatives Execution Agreement
This webinar will discuss the recently released FIA-ISDA Cleared Derivatives Execution Agreement--a template that can be used by participants in the cleared swaps markets in negotiating execution-related agreements with counterparties to over-the-counter derivatives that are intended to be cleared. This webinar will give an overview of the document and its intended use, take a closer look at specific provisions and explain the optional annexes.
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FIA PTG recommends risk controls for trading firms
The FIA Principal Traders Group today released a report setting out a number of recommended risk controls for trading firms that have direct access to exchange matching engines.
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January - June 2010 Volume Trends -- FIA Volume Webinar
An update on futures and options volume trends in the first half of 2010, covering regional and category trends and the products with the greatest growth in trading.
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FIA issues direct market access recommendations
The FIA has issued a report that recommends a number of principles for managing the risks in direct access to exchanges.
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2009 Derivatives Exchange Volume, An Interactive Discussion, March 18, 2010
A webinar presentation by Galen Burghardt, senior vice president and director of research at Newedge, and Will Acworth, editor of Futures Industry, on the global futures and options volume trends described in the March issue of Futures Industry. The webinar describes key themes and analysis based on the FIA's volume data as well as a quantitative analysis of volatility and liquidity trends in the benchmark interest rate and equity index contracts traded on the major U.S. and European exchanges. Participants were able to submit questions and comments online during the presentation.
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FIA testifies before the Commodity Futures Trading Commission on energy positions and hedge exemptions.
Mr. Chairman and Members of the Commission, my name is Mark Young. I am appearing today on behalf of the Futures Industry Association. One good thing about being on the last panel at the last hearing is that you know how the time limits will be enforced and how active the questioning will be. I have been watching. I will try to be brief.
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