Brexit

Walt Lukken sat down with Futures Industry Hall of Fame member Richard Berliand last month in New York City. A legend in the industry, Richard serves as board chair of TP ICAP, the world’s largest inter-dealer broker and world’s largest energy & commodities broker. They discussed the state of the derivatives markets, the regulatory environment, FCMs, the challenges of 24/7 trading and clearing, why young people should go into finance and Richard's passion for aviation. CONTINUE READING

The cleared derivatives industry reaffirmed its commitment to industry resilience and cybersecurity preparedness with the successful completion of the 2025 FIA Disaster Recovery Test on Saturday, 25 October 2025. CONTINUE READING

This document, first issued in February 2012, has been prepared by members of the FIA Law and Compliance Division and contains questions and answers addressing the basics of (i) segregation, collateral management and investments, (ii) minimum financial and other requirements for futures commission merchants (FCMs) and joint FCM/broker-dealers, and (iii) derivatives clearing organization (DCO) guarantee funds. CONTINUE READING

FIA’s quarterly review of volume and open interest on derivatives exchanges worldwide. This webinar provides insights into trends in trading activity in the global listed derivatives markets for the year to date, with spotlights on the evolution of credit futures, liquidity in US Treasury futures, and growth in short-dated options. CONTINUE READING

This course has been produced jointly by FIA and Eurex. The training provides an overview of select rules and regulations that govern the daily activities of Eurex market participants from brokerage firms and fund managers to commercial hedgers and trading firms. For traders of Eurex contracts and their supervisors, this course covers the special requirements of the T7 Entry Services (TES) and the German regulatory landscape for derivatives trading. It also explores the trader admission process, reporting obligations and position limits. CONTINUE READING

The IFM's Periodic Ethics Training is designed to helps firms and registrants meet ongoing training requirements as mandated by the Commodity Exchange Act (CEA) and National Futures Association (NFA) Rule 2-9. The interactive training is built upon case studies that incorporate several categories of pertinent information including law, regulation, professional ethics and sound judgment. The core of the program involves two hypothetical case studies that take place in different firms. CONTINUE READING