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 derivatives industry that will help make markets more efficient, resilient, and competitive for all.
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.
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Derivatives Market Institute for Standards (DMIST)
An FIA-led effort to develop industry-wide standards
Latest news and updates
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FIA wrote in support of the US Federal Reserve's Expansion of Fedwire Funds Service and National Settlement Service Operating Hours proposal
FIA suggests the Fed should extend operating hours of the Fedwire Securities Service to align with the expanded hours of the Fedwire Funds Service and National Settlement Service. It also discussed the importance of a reasonable implementation period given the potential for extensive changes to rules and practices needed at federal market regulators, self-regulatory organisations and market operators, and the importance of all affected parties meeting in an open forum to discuss the potentially significant cascading effects of moving the Fedwire Funds Service and National Settlement Service to 22 hours a day, 7 days a week, 365 days a year.
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FIA responds to ASX proposals on position reporting framework and operating rules
FIA has submitted a response to ASX’s consultation paper on proposed changes to the position reporting framework and a review and update of operating rules for ASX 24 and ASX Clear (Futures).
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FIA calls for DORA supervisory guidance ahead of January 2025 application deadline
FIA, together with five other trade associations, has co-signed a joint statement that draws the European Supervisory Authorities’ attention to the challenges that industry participants, including financial entities as well as ICT third-party service providers, are facing regarding the implementation of DORA by the 17 January 2025 deadline.
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European T+1 Industry Task Force responds to UK report
FIA has joined several industry associations in welcoming a recent UK report on moving to T+1 settlement.
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