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Publications & Filings

  • DMIST Launches Consultation on 30/30/30 Standard for Give-Ups and Allocations

    FIA and DMIST, the Derivatives Markets Institute for Standards, have jointly announced the publication of a proposed standard aimed at improving the processing of certain types of transactions in the exchange-traded derivatives markets. This is the first standard proposed by DMIST, an independent organization created by FIA earlier this year to promote greater efficiency in the trading and clearing workflow for derivatives.

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  • FIA asks FERC to limit scope of communications rule

    FIA has offered comments to the US Federal Regulatory Commission (FERC) regarding a proposed rulemaking that would substantially expand the scope of communications that are subject to FERC’s enforcement authority. 

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  • FIA makes recommendations on circuit breakers

    The current energy crisis has been driving prices of natural gas to record levels, impacting households and businesses. The European Commission has reacted by tasking the European Securities and Market Authorities to review different areas of the market, including the use of circuit breakers by energy trading venues. In a letter to ESMA and the European Commission, FIA makes recommendations and emphasizes controls should not be used to cap prices.

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  • FIA submits comments to CSRC on draft Measures for the Administration of Futures Exchanges

    FIA has responded to the China Securities Regulatory Commission’s (CSRC) consultation on its  "Administrative Measures for Futures Exchanges." The draft Measures are significant as they establish a unified framework and lay down common requirements to be adopted by all futures exchanges established in the People's Republic of China.

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  • FIA offers comments on DCO governance requirements

    FIA has filed provide comments with the US Commodity Future Trading Commission on a proposed rulemaking regarding governance requirements for Derivatives Clearing Organizations (DCOs).

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  • FIA responds to CFTC Request for Information on climate-related financial risk

    FIA has responded to the US Commodity Futures Trading Commission (CFTC) Request for Information (RFI), which sought public comment on climate-related financial risk to better inform its understanding and oversight of climate-related financial risk as pertinent to the derivatives markets and underlying commodities markets. 

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  • FIA, ISDA respond to ESMA call for evidence on pre-hedging

    FIA and the International Swaps and Derivatives Association have jointly responded to a European Securities and Markets Authority call for evidence on pre-hedging activities. FIA and ISDA offered comments on ESMA’s proposed a definition for pre-hedging, how to distinguish it from hedging, the relationship with MiFID and MAR including legitimate and illegitimate indicators, the treatment of RFQs and more.

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  • FIA urges CFTC to clarify regulation of event contracts

    FIA filed comments with the CFTC urging the agency to clarify the rules governing event contracts. FIA submitted its comment letter in response to the CFTC’s review of KalshiEx’s proposal to list contracts on which political party will be in control of each chamber of the U.S. Congress.

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  • Trade associations sign letter on safeguarding the EU ETS

    FIA and seven other trade associations representing financial institutions and corporates have sent a letter to the Czech Presidency of the Council of the European Union, the European Commission and the European Parliament, calling for the proper functioning of the EU Emissions Trading System to be safeguarded. The joint letter follows harmful proposals to limit financial institutions' participation in the EU’s carbon market, which would significantly impair the efficient functioning of the EU ETS, jeopardising Europe’s decarbonisation efforts.

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  • A Futures Industry Perspective - How EU Policymakers Should Respond to the Energy Crisis

    With Europe facing an extraordinary shortage of energy triggered by Russia’s invasion of Ukraine, prices for natural gas and electricity have reached record highs. FIA provides a high-level overview of the liquidity issues emerging in the futures markets and our perspective on some of the measures now under consideration to ease the impact on utilities and other firms facing extraordinarily large margin calls.

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