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Operations, Execution & Technology archive

  • FIA responds to LME consultation on Daily Price Limits

    FIA has responded to the London Metal Exchanges's consultation on Daily Price Limits (DPLs). While supporting the LME's goal of creating a transparent market suspension framework based on consecutive DPLs, the response raises crucial considerations such as the impact on trading and clearing, trade confirmation processes, and the importance of clear communication.

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  • FIA and CME respond to CFTC proposed rulemaking on investments for FCMs and DCOs

    FIA and CME respond to CFTC proposed rulemaking on investments for FCMs and DCOs

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  • Navigating a New Era in Derivatives Clearing

    In recent years, the landscape of global central counterparty margin models has witnessed a significant transformation in risk management. Central to this shift is the migration from the long-established Standard Portfolio Analysis of Risk (SPAN) model to various Value-at-Risk (VaR) based models for the purpose of calculating margin for exchange-traded derivatives.

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  • CFTC proposes operational resilience rule for futures brokers and swap dealers

    The Commodity Futures Trading Commission has proposed a rule to require futures commission merchants, swap dealers and major swap participants to establish an “operational resilience framework.”

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  • Experts at FIA Expo see promise for tokenization of collateral

    At FIA's Expo conference in Chicago on 2 October, a diverse panel of experts had a frank discussion about the future outlook for the technology and the path to widespread adoption of tokenized collateral. The general consensus was that the industry is a long way from a widespread embrace of the technology, but market participants are still making steady progress and strategic investments in the future of this technology.

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  • FIA issues recommendations for strengthening cyber resilience

    FIA today released a report that contains lessons learned from a recent cyber incident and sets out six recommendations for improving the derivatives industry's ability to withstand future attacks.

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  • FIA highlights best practices for exchange volatility control mechanisms in new report

    FIA  has released a comprehensive paper, "Best Practices for Exchange Volatility Control Mechanisms," which provides essential guidance for designing robust Volatility Control Mechanisms (VCMs) at derivatives exchanges. 

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  • FIA responds to DORA Level 2 consultations

    FIA has responded to the European Supervisory Authorities’ consultations on the first batch of policy products under the Digital Operational Resilience Act (DORA). While FIA generally supports the ESAs’ proposed changes, the responses highlight remaining industry concerns and areas where more clarity is needed.

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  • CFTC committee discusses technology and cyber issues 

    The US Commodity Futures Trading Commission held a meeting of its Technology Advisory Committee (TAC) on 18 July, touching on topics including the use of artificial intelligence, decentralized finance, and cyber resilience for financial markets.  

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  • Liquidity and margin concerns top areas of market evolution

    Industry leaders at FIA's IDX conference acknowledged the continued resilience of global derivative markets amid recent disruptions, but noted several new areas of improvement and opportunity as the industry looks to the future with a focus on market liquidity. 

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