Olof Stenhammar is one of the most entrepreneurial executives to ever run a derivatives exchange.
CONTINUE READINGHoward Stotler was one of the most outstanding member of the Chicago futures community for many years.
CONTINUE READINGFew people deserve as much credit as Dennis Suskind for the dramatic growth and worldwide expansion of the precious metals derivatives business.
CONTINUE READINGThe FOA is pleased that some of the suggestions it made in relation to the changes required by EMIR have been reflected in the Consultation and draft Handbook text. In particular, it is obliged to the FSA for its explicit acknowledgement of the continued use of net omnibus accounts and title transfer collateral structures.
CONTINUE READINGFIA PTG submits comments regarding the appropriate methodology for calculating “notional amount” with respect to certain options and swaptions (collectively “options”), as such term is used in the de minimis exception to the definition of “swap dealer” in the Final Rule, Further Definition of “Swap Dealer,” et al., 77 Fed. Reg. 30596 (May 23, 2012).
CONTINUE READINGOn. Dec. 20, the FIA Principal Traders Group submitted comments to the Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight regarding the methodology for calculating notional amount for certain options and swaptions that are traded over-the-counter. The calculation is part of the CFTC’s swap dealer definition, which requires firms whose trading activity is above certain thresholds to register as swap dealers.
CONTINUE READINGThe number of futures and options traded on U.S. exchanges fell 13.2% in 2012 to 7.0 billion contracts from 8.1 billion in 2011, according to statistics compiled by the Futures Industry Association.
CONTINUE READINGRepresentatives of several member firms of the FIA Principal Traders Group met with the Securities and Exchange Commission in November to discuss issues related to risk management and market integrity.
CONTINUE READINGThe Futures Industry Association today announced the election of board directors at its annual meeting in Boca Raton, Fla. Fourteen directors were elected in total at the meeting, including eight regular member directors for two-year terms; one regular member director for a one-year term; and five associate member directors for a two-year terms. Following the election, the new board elected the association’s officers and public directors.
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