Search

Digital Assets

FIA supports innovation in digital assets and smart regulation that allows products to prosper or fail on their merits. Our organization and our members make room for innovation and growth while still protecting customers and markets.

FIA submits comments to CTFC on request regarding FTX proposal on non-intermediated DCO model

FIA has a long history of supporting innovation in the derivatives industry and believes the FTX Proposal has prompted a healthy dialogue within the industry. However, there remain significant open questions and a lack of critical public information on the model set forth in the FTX Proposal that makes it difficult to analyze potential negative impacts on the customer protections and the clearing process at the heart of our futures markets.

Read FIA's full comments

  • 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.

    CONTINUE READING
  • 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.

    CONTINUE READING
  • Statement to House Ag Committee Hearing on "Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models"

    Prepared statement of Walter L. Lukken delivered to the US House of Representatives Committee on Agriculture at 12 May, 2022, hearing titled "Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models"

    CONTINUE READING
  • FIA submits comments to CTFC on request regarding FTX proposal on non-intermediated DCO model

    FIA has filed public comments with the US Commodity Futures Trading Commission in response to a request by FTX US Derivatives to amend its order of registration as a Derivatives Clearing Organization (DCO) and allow it to modify its existing non-intermediated model.

    CONTINUE READING