Americas News
The latest industry and regulatory news affecting North and South America.
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FIA responds to FICC proposed default management and porting rules for its agent clearing service model
FIA submitted a comment letter to the SEC responding to FICC’s proposed default management and porting rules for its agent clearing service model.
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FIA PTG responds to FINRA TRACE transaction reporting proposal
In a letter filed with the US Securities and Exchange Commission, the FIA Principal Traders Group applauded FINRA for eliminating the harmful manual trade exception previously approved but never implemented, and encouraged FINRA to continue to improve the TRACE regime, including by shortening the reporting timeframe for all transactions.
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FIA PTG proposals to ensure proper governance and lower costs of CAT
In a letter filed with the Securities and Exchange Commission, the FIA Principal Traders Group said it supports the Commission's action to address spiralling Consolidated Audit Trail costs, promote accountability and fashion a reasonable governance framework for the CAT.
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FIA responds to OCC intraday margin change proposal
FIA supports OCC’s proposal to use actual intraday positions for margining and urges reassessment of conservative add-ons like the Intraday Risk Charge post enhancement implementation.
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FIA responds to CDCC proposal on new TRS clearing service
FIA urges the Canadian Derivatives Clearing Corporation to segregate default resources for the new TRS clearing service and increase CCP capital to reflect higher risk.
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FIA PTG responds to FINRA Rule Modernization Review
The FIA Principal Traders Group welcomes the opportunity to participate in the Modernization Review and commended FINRA for undertaking this worthwhile initiative.
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FIA PTG responds to CFTC request for comment on 24/7 trading and clearing
FIA PTG encouraged the CFTC to confer with the industry through roundtables and other open forums before making a determination to permit widespread 24/7 trading.
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Johnson announcement could leave CFTC with one commissioner
CFTC Commissioner Kristin Johnson’s announcement to step down “later this year” could leave the agency with only one sitting commissioner
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FIA and FIA PTG respond to CFTC perpetual contracts request for comment
FIA and FIA PTG respond to CFTC perpetual contracts request for comment
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FIA responds to the CFTC request for comment on trading and clearing derivatives on a 24/7 basis
FIA does not support extending trading and clearing in CFTC-regulated derivatives markets to a 24/7 basis until such issues have been systematically identified, assessed, and resolved pursuant to public comment and informed public agency action.
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