Washington, D.C.—FIA today announced that 15 companies have been chosen to exhibit in the FIA Innovators Pavilion at the 34th Annual Futures & Options Expo, which will take place in Chicago on Oct. 16-18.
CONTINUE READINGThe summer is usually a quiet time here in Washington, D.C. but this year proved to be an exception. Right at the end of August, the Senate confirmed Dawn DeBerry Stump and Dan M. Berkovitz to fill the remaining two open spots on the Commodity Futures Trading Commission. This is very good news for the CFTC and for our industry. Dawn Stump brings decades of experience in public policy matters to the CFTC having held senior roles at the House and Senate Agriculture Committees as well as NYSE Euronext and FIA itself. Dan Berkovitz is equally qualified, having served as general counsel at the CFTC, a partner at the law firm of Wilmer Hale, and a senior staff lawyer for the Senate Permanent Subcommittee on Investigations.
CONTINUE READINGBloomberg has gained an edge over Thomson Reuters in the business of providing transaction data for the rates markets. Bloomberg announced in July that NEX’s BrokerTec, arguably the most popular source of data on U.S. Treasuries trading, will now make its data available through Bloomberg instead of Thomson Reuters. The BrokerTec data will be combined with data on interest rate swaps from Tradition, a major inter-dealer broker, in a new bundle to be known as the Bloomberg Capital Markets Packa
CONTINUE READINGA proof-of-concept for a new blockchain-powered apps market backed by CLS Bank and IBM is nearing completion. If the tests of LedgerConnect continues to go well, developers say, they anticipate the platform will launch by the third quarter of 2019, and possibly sooner. Nine financial institutions, including Barclays and Citi, are participating in the proof-of-concept now under way. A number of vendors arealso taking part, including Baton Systems, Calypso Technology, OpenRisk, and Synswap. “At this point, we’re in the late stages of testing. Some of the banks have completed or gone through the late stages already,” said Ram Komarraju, managing director, technology for CLS, in London.
CONTINUE READINGNasdaq has acted to acquire Swedish fintech provider Cinnober for $190 million. The move bolsters Nasdaq’s offering of analytics, risk management and market infrastructure products.
CONTINUE READINGHong Kong Exchanges and Clearing will soon launch a new margin methodology as part of our Next Generation Post Trade Program. The methodology will be more sophisticated than the current methodology and is designed specifically to provide more efficient and accurate representation of portfolio risk exposure.
CONTINUE READINGIn a paper released today, the FIA Principal Traders Group recommends practical reforms to SEC Regulation NMS.
CONTINUE READINGFIA Tech today launched a new Transfer Protocol to help firms prepare for the transitioning of execution and clearing businesses triggered by the UK’s departure from the European Union.
CONTINUE READINGSponsored Content: Since August 2017, B3 has been authorized by local regulators to accept assets held offshore as part of its total required collateral. This applies to all products traded at B3’s platform. The previous model for offshore collateral had been restricted to specific listed contracts, thus this recent authorization has represented a significant turning point in terms of risk and operational management for international investors, particularly due to the potential interest of newcomers entering the Brazilian market
CONTINUE READINGSponsored Content: Financial firms are toeing the waters of artificial intelligence (AI) and machine learning (ML) with focused initiatives to enhance operations and make more informed decisions. Some of the largest financial institutions in the U.S. are using AI to execute some trades and apply the technology toward detecting fraud. The ability to use this emerging technology to solve for specific issues is part of what makes it compelling and why startups with targeted-use applications are proliferating.
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