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Commodities

Our member firms doing business in commodity markets play a crucial role for the global economy by facilitating price discovery and helping end-users manage risk.

The futures industry has its roots in commodities, with farmers, miners, producers and other businesses using these financial instruments for price discovery and risk management. While the futures and cleared derivatives industry continues to grow and expand to new markets, FIA maintains a close focus on the issues and challenges affecting the commodity markets, from end-users to brokers to exchanges to clearinghouses. Our primary goal is to protect and promote healthy commodity derivatives markets.

For over two decades, FIA has operated member committees and working groups dedicated to commodities. These groups meet regularly across regions to discuss the latest policy, regulatory and operational developments impacting any member active in commodity derivatives markets. Visit our Member Forums page to learn more about these committees and working groups. 

  • IDX: Commodity markets brace for lasting impact from Gulf shipping disruption

    Disruption to Gulf shipping is likely to have a lasting impact on global energy markets, even if traffic through the Strait of Hormuz begins to normalise, commodity market experts warned at FIA’s International Derivatives Expo.
  • FIA, ISDA, GFMA, CMC and CMCE respond to IOSCO consultation on OTC commodities position reporting

    FIA, alongside ISDA, GFMA, CMC and CMCE, has responded to IOSCO’s consultation on best practices for OTC commodities position reporting. The associations support IOSCO’s objectives but emphasises that regulators should prioritise better use of existing OTC derivatives data and enhanced cross-border cooperation, rather than introducing new reporting requirements. It also opposes mandatory or systematic OTC position reporting, advocating instead for a proportionate, risk-based approach based on targeted data requests and stronger coordination between authorities to avoid duplication, costs and unintended market impacts.
  • Viewpoint – The case for cross-border cooperation

    Cross-border markets function most effectively when the authorities respect one another's supervisory frameworks and focus on comparable regulatory outcomes. This principle of regulatory deference has served the derivatives markets well. It has allowed firms to operate across jurisdictions while ensuring that regulators retain robust oversight and accountability.
  • FIA supports modernization of the CFTC's Commitments of Traders Reporting Program

    FIA supports modernization of the CFTC's Commitments of Traders Reporting Program. Specifically, FIA recommends, through phased implementation, increasing the detail, timeliness and frequency of COT reports.
  • Traders pivot to options as volatility redefines hedging

    Exchange data points to a growing preference for options as market participants seek more precise risk protection amid geopolitical and policy uncertainty.
  • FIA supports FCA proposal to raise UK EMIR clearing threshold for commodity derivatives

    Since the original calibration of the EMIR clearing threshold over a decade ago, structural shifts, including inflation, sustained increases in commodity prices and heightened market volatility, have significantly changed market dynamics. Despite these shifts, the clearing threshold framework has not been updated to reflect the new realities. Therefore, raising the clearing threshold is an important and urgent corrective measure.