FIA, FIA PTG, and FIA EPTA members are working to educate the public on the benefits of automated trading, provide policymakers with expert feedback on regulatory proposals, and promote best practices in risk controls.
CONTINUE READINGToday the FIA Principal Traders Group (FIA PTG) provided written input to the US Securities and Exchange Commission (SEC) Crypto Task Force in response to their request for information.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached a record $395.7 billion in June, up 1.4% from the previous month and up 24.1% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 50 in June, up from 49 year ago but down from 53 five years ago.
CONTINUE READINGIn a letter filed with the US Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) supported FINRA's proposal to extend Trade Reporting Facilities (TRFs) operating hours and align them with current Securities Information Processors (SIP) hours. FIA PTG urged the SEC to approve the Proposal and to require both the TRFs and SIPs to continue to remain aligned as they expand their hours to accommodate expanded market hours.
CONTINUE READINGFIA has responded to the Montreal Exchange's consultation on its approved persons regime. Approved persons on TMX are essentially the individuals permitted to trade on the exchange.
CONTINUE READINGThe Senate Banking Committee published its version of proposed legislation on market structure and digital assets and issued a request for information. FIA has responded with its views, including commentary on the role of the CFTC, the importance of market intermediaries, and other topics.
CONTINUE READINGFIA and ISDA urge greater clarity in the RBA’s draft guidance on clearing and settlement facility resolution to enhance transparency, communication and market stability during interventions.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGFIA has responded to the US Commodity Futures Trading Commission’s spot crypto listing initiative, which invites stakeholders to work with the Commission “on providing regulatory clarity on how to list spot crypto asset contracts on CFTC-regulated designated contract markets” using the Commission’s “existing authority” under the Commodity Exchange Act.
CONTINUE READINGFor years, Wall Street banks kept stablecoins at arm’s length. But now, even the most conservative parts of traditional finance are starting to recognise their potential. It feels like a seminal moment, but, as always with technological innovation, there are risks and challenges and questions of hype vs reality.
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