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FIA provides recommendations to CFTC on crypto-asset derivatives
On Feb. 15, FIA responded to a request from the Commodity Futures Trading Commission for input on crypto-asset mechanics and markets.
CONTINUE READINGOptions forges alliance with Technancial for real-time risk analytics
Options, the global financial technology managed services and IT infrastructure provider formerly known as Options IT, has struck a deal with the Technancial Company, maker of the Janus risk management platform. The deal brings Technancial’s solution to more than 250 firms using managed services provided by Options. Those customers include investment banks, hedge funds and private equity groups.
CONTINUE READINGMiami International to launch third options market
On March 1, Miami International Holdings will launch its third options market, the sixteenth such venue in an increasingly crowded field. The new market, called MIAX Emerald, continues the company’s strategy of adapting to the evolution of market structure in the U.S. equity options marketplace.
CONTINUE READINGHSBC expands futures custody business in China
HSBC has become the first foreign bank to offer futures margin depository services to overseas investors trading iron ore futures in China. On Jan. 29, the bank announced it has received approval from the Dalian Commodity Exchange, China's second largest futures exchange, to offer futures margin depository services. With its new license, traders outside China can set up settlement accounts at HSBC to support their trading on DCE. DCE is the second futures exchange in China to win government approval to offer one of its products directly to overseas investors. The first was the International Energy Exchange in Shanghai, which launched a crude oil futures contract in March 2018 that was designed specifically to attract international participation. In both cases, the government is hoping to strengthen the market's ability to provide price discovery and risk management tools for one of China's most important commodity imports.
CONTINUE READINGPeople News - January 2019
U.S. Treasury official Heath Tarbert has been formally nominated by the White House to be the next chairman of the Commodities Futures Trading Commission. The nomination, which was first announced in December, was submitted to the Senate on Jan. 9 and is now pending before the Senate Agriculture Committee. Tarbert currently serves as assistant secretary for international markets at the Treasury Department. Earlier in his career he was a partner at the law firm of Allen & Overy. If confirmed, he would succeed CFTC Chairman Chris Giancarlo, who has announced he plans to leave when his term expires in April.
CONTINUE READINGModernizing the technology of clearing
Big changes are under way at Options Clearing Corporation, the Chicago-based clearinghouse that is among the world's largest as measured by processing volume. Earlier this year, OCC launched a multi-year effort to modernize the institution's risk management, clearing and data systems. Dubbed the Renaissance Initiative, the project aims to comprehensively redevelop the company's technology. But according to John Davidson, the clearinghouse's chief executive officer, the changes go far deeper.
CONTINUE READINGExchange leaders at IDX stress importance of price discovery
As the derivatives industry gathered at FIA's IDX 2019 conference in London, familiar issues like Brexit remained the regular topics of conversation.
CONTINUE READINGThe EV disruption
How the rise of electric vehicles will create pitfalls and opportunities for the derivatives industry.
CONTINUE READINGTop European regulator urges more unified, flexible supervision
EU policymakers are committed to finding a new way forward that balances effective risk-management and financial innovation. That was the primary message delivered by Robert Ophèle, chairman of French markets regulator Autorité des Marchés Financiers, in a keynote address at FIA's IDX 2019 conference in London on June 4.
CONTINUE READINGIt’s about time: G20 to discuss market fragmentation
One of FIA's top concerns in the policy arena is the growing fragmentation of markets. We have warned for many years that this trend will reduce liquidity, especially in markets that depend on crossborder flows, and harm the resiliency of clearing. At long last, it appears that our concerns are being heard at the highest levels of the official sector.
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