FIA's letter suggested Treasury focus on the applications of artificial intelligence within the context of a particular use case as opposed to the technology as a whole.
CONTINUE READINGNew faces and promotions at the China Securities Regulatory Commission, G.H. Financials, Hong Kong Exchange and Clearing, Fenics Markets Exchange, Broadridge, MarketAxess, Eurex and more.
CONTINUE READINGBoth ICE and CME, the two most important exchanges in energy markets, have introduced a new set of crude oil futures contracts to reflect a specific pricing point whose importance has increased in the last several years.
CONTINUE READINGFrance has not defaulted on its debts since 1797, but bond traders are a nervous bunch. Since 9 June, when French President Emmanuel Macron stunned political observers by calling a snap election, the price of France's government bonds has fallen sharply.
CONTINUE READINGIndia has gone from a small player in the equity derivatives market to the world’s largest, within just five years. Much of this growth followed the introduction of weekly-expiring contracts in 2019, replacing the traditional month-end expirations.
CONTINUE READINGFIA supports the underlying intent of SEBI's measures and offers several suggestions to enhance the proposals.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 18.99 billion contracts in July, the highest level ever recorded. This was up 11.9% from June 2024 and up 68.7% from July 2023.
CONTINUE READINGFIA responded to the EBA-ESMA discussion paper on the European Commission call for advice on the investment firms' prudential framework, noting the importance of ensuring EU IFR/D is fit for purpose and that the application of prudential rules to commodity firms would be inappropriate, unduly complex, disproportionate and limit market entry for many small-size market participants.
CONTINUE READINGFIA EPTA members believe a comprehensive consolidated tape is essential for improving the international competitiveness and accessibility of EU markets to international investors many of whom currently find EU markets too complex and opaque. A comprehensive low cost, real-time, pre-trade CT will support transparency, ameliorate fragmentation and will support liquidity and investor confidence, strengthening EU financial markets.
CONTINUE READINGAs high-volume consumers of a variety of wholesale market data products, our members support regulatory efforts to bring more transparency to market data pricing and fairness to commercial practices. We welcome ESMA’s efforts to strengthen this framework through the proposals set out in the consultation paper and draft RTS. In order for these proposals to be effective in practice, supervisory convergence is essential particularly regarding scrutiny of data providers’ approach to implementing the fees, costs and margin provisions. Adequate supervision and enforcement of this RTS across all NCAs is also essential for it to be effective.
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