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DMIST Publishes Trade Allocations Standard and Launches Consultation on Average Pricing
FIA and DMIST, the Derivatives Market Institute for Standards, jointly announced the publication of the Final Standard for Improving Timeliness of Trade Give-Ups and Allocations. DMIST also released a consultation paper on average pricing.
This is the first standard finalized by DMIST and an important milestone in its work to improve operational efficiency in futures trading and clearing. DMIST was established by FIA in April 2022 as an independent standards body. Its purpose is to encourage widespread adoption of standards that will help make markets more efficient, resilient, and competitive.
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.
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.
Participating Firms
Sponsor Board
ABN AMRO Clearing Chicago | ADM Investor Services, Inc. | Bank of America Securities, Inc. | Barclays International | BlackRock Financial Management | BNP Paribas Securities Corp. | Cargill Incorporated | Chicago Mercantile Exchange Inc. | Citadel Advisors LLC | Citigroup Global Markets Inc. | Deutsche Bank Securities Inc. | Eurex Clearing AG | Goldman Sachs & Co. LLC | Intercontinental Exchange Inc. | J. P. Morgan Securities PLC | Mizuho Securities USA LLC | 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 | LSEG | Nasdaq Clearing AB | OSTTRA | Quorsus Limited | Sernova Financial
Interested in participating in DMIST?
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Membership Application
Please complete a membership application. Please also review the terms of participation and policies.
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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.
