Appointments, promotions and other people news in the derivatives industry
CONTINUE READINGLet's set aside the specifics of the FTX proposal for a moment and broaden our lens to what is happening. There is a larger trend impacting the financial services community where technology is revolutionizing the infrastructure of our markets, particularly resolving risk management and settlement.
CONTINUE READINGWarnings come as lawmakers contemplate restricting financial participation in the EU Emissions Trading System.
CONTINUE READINGThe US Commodity Futures Trading Commission hosted a wide-ranging and at times contentious discussion on issues related to intermediation in derivatives trading and clearing on 25 May. The roundtable event was more than six hours long, and included representatives from CFTC-registered derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) as well as trading firms, asset managers, agricultural industry representatives, academics, public interest groups, and others.
CONTINUE READINGProgress Together aims to improve socio-economic diversity at senior level in UK financial services sector
CONTINUE READINGTrading volume on swap execution facilities reached $887.4 billion in average notional value per day during April 2022. This was down 21.7% from the previous month but up 18.8% from the same month of the previous year. Trading was down in every sector except for FRA trading.
CONTINUE READINGFIA President and CEO Walt Lukken highlighted the importance of global derivatives markets in risk-managing the transition to a more sustainable global economy in a recent interview with SSE TV.
CONTINUE READINGOn 2 June, the US Commodity Futures Trading Commission (CFTC) held its first-ever Voluntary Carbon Markets Convening. The purpose of the meeting was to discuss issues related to the supply and demand for high quality carbon offsets, including product standardization and the data necessary to support the integrity of carbon offsets' greenhouse gas emissions avoidance and reduction claims.
CONTINUE READINGWorking through FIA, experts from asset managers, clearing firms and clearinghouses have come together around a plan to establish standards for post-trade processes in the futures industry. An independent standards body is now being formed that will guide the development of industry standards. The expectation is that the adoption of these standards will lead to more automation in the workflow, a reduction in errors and delays, and a better customer experience.
CONTINUE READINGIn this MarketVoice Podcast, Walt Lukken, President and CEO talks with former FIA Chairman Jerome Kemp about the movement towards real-time settlement in the derivatives industry.
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