In response to the BoE’s consultation on its power to direct a CCP to address impediments to resolvability, the associations welcome the clarity provided by the BoE on the timescales it would follow when using its power to address impediments to resolvability.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 20.09 billion contracts in September, the highest level ever recorded. This was up 3.8% from August 2024 and up 48.8% from September 2023.
CONTINUE READINGSullivan & Cromwell’s Commodities, Futures and Derivatives team will discuss recent CFTC and SEC enforcement actions involving MNPI-related violations and their implications for physical commodities and derivatives markets and market participants.
CONTINUE READINGThe 14-page report, Derivatives Market Structure 2024: Focusing on Capital and Workflow Efficiency, provides a unique perspective into the key drivers for the global clearing business. The report is based on findings from research of market participants conducted jointly by FIA and Coalition Greenwich, a provider of strategic benchmarking, analytics and insights to the financial services industry.
CONTINUE READINGTrading volume on swap execution facilities reached a record $1.24 trillion in average notional value per day during February 2024. This was down 16.4% from the previous month but up 13% from the same month of the previous year. Compared to January 2024, trading was down in every sector.
CONTINUE READINGFIA welcomes the Financial Conduct Authority’s proposals regarding the revised bond and derivative transparency regime in the UK. Resilient and robust markets are of key importance to FIA members and FIA supports the consultation’s stated aim of streamlining transparency requirements so that they better reflect the nature and depth of liquidity in the market.
CONTINUE READINGThe US Commodity Futures Trading Commission's Global Markets Advisory Committee held a meeting on 7 March in Washington DC that featured a robust agenda including a panel discussion about the proposed US bank capital rules and the negative implications on derivatives markets and market participants.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC to disapprove the self-regulatory organizations’ (“SRO”) proposed rule changes to Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT Fee Filings”) incurred by the SROs prior to January 1, 2022.
CONTINUE READINGFIA today announced the election of three new directors at its annual meeting in Boca Raton, Florida: Susan Gaughan, Société Générale, Nelson Neale, CHS Hedging LLC, and Harris L. Kay, Davis Wright Tremaine LLP.
CONTINUE READINGOpening remarks of Walt Lukken, President and CEO of FIA, at the International Futures Industry Conference in Boca Raton, FL. As prepared for delivery.
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