Americas News
The latest industry and regulatory news affecting North and South America.
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FIA urges CFTC to clarify regulation of event contracts
FIA filed comments with the CFTC urging the agency to clarify the rules governing event contracts. FIA submitted its comment letter in response to the CFTC’s review of KalshiEx’s proposal to list contracts on which political party will be in control of each chamber of the U.S. Congress.
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CFTC's Market Risk Advisory Committee sets ambitious agenda
The US Commodity Futures Trading Commission held the first meeting of its reconstituted Market Risk Advisory Committee (MRAC) on 28 September, under the sponsorship of Commissioner Kristin Johnson.
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FIA PTG Responds to US Treasury Request for Information on Transparency
In a letter filed with the US Department of the Treasury today, the FIA Principal Traders Group (FIA PTG) supported the implementation of real-time public reporting (with appropriate block trade thresholds) for all secondary market cash transactions.
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At first post-COVID gathering, CFTC advances CCP governance proposal
The US Commodity Futures Trading Commission (CFTC) voted 5-0 to advance a proposed rule related to governance requirements for derivatives clearing organizations (DCOs) during an open meeting on July 27. The proposed rule also requests comment on additional areas related to governance requirements for DCOs, for the Commission’s consideration in potential use in future rulemaking.
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FIA PTG responds to The Brazilian Securities and Exchange Commission Block Trade Definition Proposal
In a letter filed today, the FIA Principal Traders Group (FIA PTG) responded to The Brazilian Securities and Exchange Commission (CVM) Resolution No. 135/2022 - Methodology for Definition of Block Trades.
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FIA flags burdensome requirements in CFTC compliance officer reports
FIA submitted a comment letter to the US Commodity Futures Trading Commission questioning the need for certain types of information that must be included in the annual reports filed by the chief compliance officers of firms registered with the CFTC.
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FIA PTG responds to FINRA Proposal to enhance TRACE reporting for US Treasury Securities
FIA PTG supported the proposal to “generally require reporting to TRACE as soon as practicable but no later than 60 minutes;” while urging FINRA to continue monitoring and consider shortening the reporting timeframe even further in the future.
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Data Spotlight - US futures brokers see large gains in customer funds
Futures brokers in the US are reporting large increases in the level of customer funds held in futures accounts. Total customer funds hit a record level of $370 billion in March and continued at a high level in April, and most brokers are reporting double-digit increases in customer funds compared to a year ago.
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How We Keep Futures Markets Operational Through World Events
In this FIA Operations Americas Division webinar, panelists discussed what’s next, and how can clearing operations teams react effectively and prepare for unknown world events.
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CFTC explores role in voluntary carbon markets
On 2 June, the US Commodity Futures Trading Commission (CFTC) held its first-ever Voluntary Carbon Markets Convening. The purpose of the meeting was to discuss issues related to the supply and demand for high quality carbon offsets, including product standardization and the data necessary to support the integrity of carbon offsets' greenhouse gas emissions avoidance and reduction claims.
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