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Derivatives Market Institute for Standards (DMIST)

DMIST was formed as an outgrowth of industry conversations following high volume and volatility in February and March 2020, at the onset of the COVID-19 pandemic. DMIST’s ultimate goal is to encourage widespread adoption of standards in the exchange traded and cleared derivatives industry that will help make markets more efficient, resilient, and competitive for all.

DMIST Consultation Paper: Standard Regarding Timeliness of Trade Give-Up and Allocation

DMIST

DMIST – with approval from its Sponsor Board – releases its first public consultation on a proposed standard on the timeliness of trade give-up and allocation. DMIST standards are developed through an eight-stop process that encourages cross-industry engagement and public consultation and feedback. The release of this public consultation is the fifth step in the process.

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Comment Submission

Consultation Paper: Standard Regarding Timelines of Trade Give-Up and Allocation was published on November 11, 2022. Comments on this consultation paper are due on or before January 17, 2023. Any member of the public may submit a comment by sending a PDF, Word document or substantive email to info@dmist-standards.org. All comments will be made publicly available following submission. DMIST will not review comments for personal, confidential, proprietary, sensitive, or otherwise protected information before making such comments publicly available. By submitting a comment to DMIST, the submitting party consents to such public posting. DMIST reserves the right, without obligation, to review, redact, and/or remove any comment that it considers to be inappropriate, offensive, or improper, in its sole discretion. By submitting a comment to DMIST the submitting party agrees to abide by and be bound by the Terms of Submission, available here, which will constitute a binding legal agreement between you and DMIST.

 

 

Comments

 

 

Note: FIA will post comments publicly here upon receipt

 

DMIST: Annual Progress Report

 

 

DMIST web graphic

FIA has released a progress report on the industry standards initiative. The progress report describes three important near-term objectives for this initiative, which is being spearheaded by a taskforce of representatives from leading brokers, asset managers and clearinghouses.

FIA is working towards the launch of an independent standards body in the second quarter of 2022, and is targeting the "most pressing pain points" in trading and clearing workflow.  The first set of standards will focus on processing time for allocations and give-ups. 

Download the full report

 

 

 

Modernizing the Listed Derivatives Workflow: A Blueprint for Change

 

Blueprint report promo

In November 2021, FIA released a report calling on participants in the futures and options industry to work together on a major initiative to improve the efficiency of the trading and clearing process for exchange-traded derivatives. The report, “Modernizing the Listed Derivatives Workflow: A Blueprint for Change", addresses the challenge of achieving industry-wide improvements by establishing a framework for building consensus and collaboration among all segments of the industry, including clearing firms, executing brokers, exchanges, clearinghouses, customers and technology vendors.

Download the full report

Interested in participating in DMIST?

  • Membership Application

    Please complete a membership application. Please also review the terms of participation and policies.

  • Frequently Asked Questions

    Here is a list of Frequently Asked Questions (FAQs) for your reference. If you do not see the answer you are looking for, please reach out to Don Byron at dbyron@fia.org or Natalie Tynan at ntynan@fia.org for further information.