FIA has published guidance regarding the standards that need to be satisfied in order for a clearing member to conclude that the margin it posts to a clearinghouse is "bankruptcy remote" for purposes of the Basel III capital requirements.
Following extensive market consultation and coordination, the UK power market is taking the step to switch trading in wholesale UK power from the EFA calendar to the more widely used standard Gregorian calendar on Friday 1 November.
The Futures Industry Association today released a set of recommendations for increasing the usefulness of drop copy systems in exchange-traded markets.
This document supports and seeks to provide more detailed guidance on the implementation of, amongst other things, the ‘Guidelines on systems and controls in an automated trading environment’ (ESMA Guidelines).
On July 13, the FIA issued a model disclosure form to assist futures commission merchants in complying with Regulation 1.71, a Commodity Futures Trading Commission rule that establishes information barriers between FCMs and affiliated swap dealers and major swap participants and requires FCMs to disclose to their customers conflicts of interest in the provision of trade execution or clearing services.
Building on recent FIA publications, including Market Access Risk Management Recommendations (April 2010) and Recommendations for Risk Controls for Trading Firms (November 2010), this document offers a number of recommendations for executing firms to consider both in designing policies for their own brokers that handle orders electronically and in dealing with customers that access the markets through a broker’s trading platform.
The FIA Principal Traders Group today released a report setting out a number of recommended risk controls for trading firms that have direct access to exchange matching engines.
