Americas News
The latest industry and regulatory news affecting North and South America.
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FIA PTG responds to SEC Dealer Definition Proposal
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group strongly opposed the SEC's Further Definition of “As a Part of a Regular Business” in the Definition of Dealer and Government Securities Dealer proposal and urged the SEC not to move forward with finalizing it.
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CFTC roundtable on non-intermediation focuses on FCM benefits and default waterfalls
The US Commodity Futures Trading Commission hosted a wide-ranging and at times contentious discussion on issues related to intermediation in derivatives trading and clearing on 25 May. The roundtable event was more than six hours long, and included representatives from CFTC-registered derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) as well as trading firms, asset managers, agricultural industry representatives, academics, public interest groups, and others.
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US Congress questions industry on merits and risks of FTX's non-intermediated model
US lawmakers questioned experts in the derivatives industry on May 12 about the recent proposal from FTX US Derivatives to clear margined products using a non-intermediated model. The hearing conducted by the US House of Representatives Committee on Agriculture was titled "Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models," and featured testimony from FIA President and CEO Walt Lukken.
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FIA PTG responds to CFTC Request for Comment on FTX Request
In a letter filed today, the FIA Principal Traders Group (FIA PTG) responded to the Commodity Futures Trading Commission's (CFTC) Request for Comment on the FTX Request for Amended DCO Registration Order.
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FIA PTG responds to SEC short sale marking proposal
In a letter filed today with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) raised concerns with the proposed short sale marking rulemaking.
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FIA PTG responds to SEC proposed expansion of Reg ATS to Government Securities ATSs
In a letter filed today with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) again supported the SEC's efforts to increase transparency, access and the resiliency of the Government Securities marketplace by eliminating the exemption of Government Securities alternative trading systems (ATSs) from compliance with Regulation ATS.
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FIA thanks Commissioner Stump for service at CFTC
Washington, DC—FIA President and CEO Walt Lukken made the following statement about the departure of Commissioner Dawn Stump from the US Commodity Futures Trading Commission.
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FIA PTG responds to SEC proposal to shorten the securities transaction settlement cycle
In a letter filed today with the Securities and Exchange Commission (SEC) the FIA Principal Traders Group (FIA PTG) supported the proposed move from T+2 to T+1 settlement.
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FIA requests CFTC codify no-action relief for treatment of separate accounts by FCMs
FIA has written a letter to the US Commodity Futures Trading Commission requesting codification of no-action relief initially set forth in CFTC Letter No. 19-17, Advisory and Time-Limited No-Action Relief with Respect to the Treatment of Separate Accounts by Futures Commission Merchants, and subsequently extended in CFTC Letter Nos. 20-28 and 21-29.
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Trade associations raise concerns with SEC comment periods
The FIA Principal Traders Group (FIA PTG) recently joined 24 trade associations (Associations) in a joint letter to the Securities and Exchange Commission (Commission) regarding the importance of sufficient comment periods in connection with regulatory proposals.
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