Futures brokers in the US are reporting large increases in the level of customer funds held in futures accounts. Total customer funds hit a record level of $370 billion in March and continued at a high level in April, and most brokers are reporting double-digit increases in customer funds compared to a year ago.
CONTINUE READINGGwyneth Nurse, Director General, Financial Services at HM Treasury, recently sat down with FIA President and CEO Walt Lukken at our IDX conference in London to discuss current and developing regulatory approaches for the UK’s wholesale financial markets. They discuss market transparency, the cost of regulatory complexity, cross-border cooperation on CCP oversight, and central bank digital currencies.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGFutures Accounts: The total amount of customer funds in futures accounts at US FCMs hit an all-time high of $376.1 billion in May, up 21.9% over the last 12 months and surpassing the previous record of $370 billion set in March 2022. The number of FCMs holding customer funds in futures accounts was recorded at 47 in May, down from 51 a year ago and down from 54 five years ago.
CONTINUE READINGAt a panel on margin-related issues at the International Derivatives Expo, experts agreed that cleared derivatives market participants would all benefit from greater transparency in clearinghouse margin models.
CONTINUE READINGFIA EPTA’s members have elected a new Executive Committee (ExCo) as the governing body of the industry organization. Niels Lemmers (Flow Traders B.V.) and Mark Spanbroek (Independent) were re-elected for a two-year term and Emma Lokko (Susquehanna International Group Limited) and Alistair McGrath (Tower Research Capital Europe Limited) were newly elected. Mark Spanbroek was re-elected for his final term as Chairman and Niels Lemmers was elected as Vice Chair, both unanimously by the ExCo members of FIA EPTA.
CONTINUE READINGFutures Accounts: Customers continued to hold a very large amount of funds in futures accounts at US FCMs in April. The total amount reached $365.5 billion in April, down slightly from the record of $370 billion set in March 2022 but up 22% from a year ago and well above any other month in this data series.
CONTINUE READINGIn this episode, Dr. Mara Antonoff, Associate Professor of Thoracic and Cardiovascular Surgery at MD Anderson Cancer Center, talks to FIA Board Member Jamila Piracci about her practical approach to inclusive recruitment that can be put into practice regardless of industry or sector.
CONTINUE READINGDr. Mara Antonoff, Associate Professor of Thoracic and Cardiovascular Surgery at MD Anderson Cancer Center, talks to FIA Board Member Jamila Piracci about her practical approach to inclusive recruitment that can be put into practice regardless of industry or sector.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
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