Operations, Execution & Technology
Through close partnership with our members, FIA helps to develop industry-wide standards and solutions for operations and execution, supports new technology initiatives and builds communities of information and data sharing. For information on FIA's work in these areas or learn more about how to participate, contact firstname.lastname@example.org
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 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.
Key FIA-led initiatives
FIA holds an annual coordinated industry effort to test business continuance and functionality between exchanges, clearinghouses and their member firms.
FIA has 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.
Our members are working to educate the public on the benefits of electronic trading, provide policymakers with expert feedback on regulatory proposals, and promote best practices in risk controls.
Latest news and updates
CFTC advisory committee touches on cybersecurity
The US Commodity Futures Trading Commission's Technology Advisory Committee (TAC) held a meeting on 22 March, with cyber risk a major topic of discussion.CONTINUE READING
Cyber resilience requires vigilance and communication, experts say
In a panel discussion about cyber resilience at FIA's Boca conference, key stakeholders from across the derivatives industry agreed on the importance of vigilance and communication to protect global derivatives markets.CONTINUE READING
FIA announces Cyber Risk Taskforce at CFTC meeting
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee on March 8, and the recent cyber-attack on one of the industry's technology service providers was one of the main topics of discussion. FIA President and CEO Walt Lukken, one of the speakers invited to address this issue, described FIA's role in the industry's response to the attack and announced the formation of a Cyber Risk Taskforce to examine the longer-term implications for cleared derivatives markets.CONTINUE READING
DMIST looks to future-proof ETD markets
Cleared derivatives markets have gone through a lot in the last three years – from the operational disruptions caused by a global pandemic to energy supply shocks caused by the war in Ukraine. The Derivatives Market Institute for Standards, or DMIST, was created to improve the efficiency and resilience of the trading and clearing ecosystem.CONTINUE READING