FIA’s Commodities Members Support CFTC’s Swaps Margin Changes
CONTINUE READINGFIA, ISDA, GMFA Comment on Position Limits in Europe
CONTINUE READINGI remember Rich Sandor, who was the guest speaker at a 10th anniversary celebration dinner sponsored by LIFFE, opening by likening himself to Elizabeth Taylor’s most recent husband. “I know what I’m supposed to do,” he said. “The challenge will be to make it interesting.”
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC not to approve EDGA’s proposal to introduce an asymmetric speed bump. FIA PTG said they remain opposed to artificial latency mechanisms of all kinds and are not aware of any data showing that speed bumps result in material improvements to market quality or benefit end investors.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) again urged the SEC not to approve EDGA’s proposal to introduce an asymmetric speed bump.
CONTINUE READINGOn Feb. 26, 1995, Barings Bank collapsed after a 28-year-old trader, Nick Leeson, lost $1.3 billion in unauthorized trades placed from the firm's Singapore office.
CONTINUE READING"This may be the one case where the exception to the rule is more important than the rule itself." — CFTC Chairman Heath Tarbert, Jan. 30, 2020. The chairman's words foreshadowed the dramatic change in approach embedded in the CFTC's latest proposal to implement speculative position limits across 25 "core referenced futures contracts."
CONTINUE READINGThe Australian Treasury and the Australian Securities and Investments Commission released draft legislative amendments to implement the proposed central clearing mandate for OTC derivatives in Australia and to provide relief from trade reporting obligations for certain users.
CONTINUE READINGFIA Asia and ASIFMA have submitted a joint letter to the Monetary Authority of Singapore (MAS) in response to the public consultation for the mandatory clearing of over-the-counter (OTC) derivative contracts.
CONTINUE READINGOn June 26, 2015 FIA filed a petition with the CFTC to amend certain provisions of the Ownership and Control Reports rule.
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