Derivatives Market Institute for Standards (DMIST)

DMIST: Annual Progress Report

The Derivatives Market Institute for Standards (DMIST) has released its annual report, outlining the progress of the organization over the last year. Most notably, DMIST released its first public consultation on a proposed standard on the timeliness of trade give-up and allocation.

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.

Download the annual report.





 

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

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.

Download the paper
 

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

• Submission to DMIST from CCP 12
• Submission to DMIST from FIA Operations Americas
• Submission to DMIST from The Montreal Exchange
• Submission to DMIST from Theorem

Modernizing the Listed Derivatives Workflow: A Blueprint for Change

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

Participating Firms

Sponsor Board

ABN AMRO Clearing Chicago | ADM Investor Services, Inc. | Barclays International | BlackRock Financial Management | BNP Paribas Securities Corp. | Bank of America Securities, Inc. | Cargill Incorporated | Chicago Mercantile Exchange Inc. | Citadel Advisors LLC | Deutsche Bank Securities Inc. | Eurex Clearing AG | Goldman Sachs & Co. LLC | Intercontinental Exchange Inc. | J. P. Morgan Securities PLC | Morgan Stanley | OCC | Société Générale | UBS | Wells Fargo Securities, LLC  

Ambassadors

Cboe Clear Digital, LLC | Euromoney Global LTD Doing Business As Euromoney Tradedata | FIA Technology Services, LLC | FIS | FMX Futures Exchange, L.P. | Kynetix | Nasdaq Clearing AB | Quorsus Limited | Sernova Financial | OSTTRA

Terms of Participation | Policies | Terms of Submission