The US Commodity Futures Trading Commission's Global Markets Advisory Committee held a meeting on 4 June in New York to discuss a range of market developments and regulatory issues. One of the top themes was the potential impact of the proposed US bank capital rules, with several speakers focusing on concerns raised by end-users, intermediaries and market infrastructures.
CONTINUE READINGThe Average Pricing Standard calls for CCPs globally to adopt certain minimum standard average pricing functionality. Standardized functionality will help drive consistency and improve the current allocation and timing issues associated with average price order workflows.
CONTINUE READINGRadix Trading is a proprietary trading firm that employs research-driven strategies on major electronic markets across North America, Europe and Asia. The company, which operates in Chicago, New York, and Amsterdam, is constantly evolving its strategies and developing new ones through innovative machine learning and statistical methodologies.
CONTINUE READINGThis Boca 2024 panel of financial markets and sports leaders explored how concepts and approaches to investing and trading are increasingly being applied to professional sports globally.
CONTINUE READINGFIA has responded to B3 Clearing's consultation proposing to amend rules regarding B3's recovery plan. As part of the recovery plan, the clearinghouse is proposing to include a final auction, giving market participants a last opportunity to assist it in returning to a matched book, as well as early settlement auction or tear-up provisions in case the final auction fails.
CONTINUE READINGSince the Brexit vote in 2016, many surmised that the best days of London as a financial center were behind her. The financial engine of mainland Europe was now an outsider looking in and many predicted that Frankfurt, Paris or even New York would replace London’s role. There is no doubt that Brexit has been a net loser financially for the UK, but for a city nearly 2,000 years old, we must look to the positives in the long game. Last week I was in London visiting FIA members and I came away energized and optimistic about the current and future state of this great city.
CONTINUE READINGFIA and FIA Principal Traders Group have filed an amicus brief along with several other financial services trade associations in a case involving the US Federal Trade Commission’s recently issued rule that bans nearly all noncompete agreements in the US. In their brief, the associations highlighted the practical challenges of the rule for the financial industry and warned that it would harm competition and endanger confidential information.
CONTINUE READINGFIA and FIA Principal Traders Group have filed an amicus brief along with several other financial services trade associations in a case involving the US Federal Trade Commission’s recently issued rule that bans nearly all noncompete agreements in the US. In their brief, the associations highlighted the practical challenges of the rule for the financial industry and warned that it would harm competition and endanger confidential information.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 15.19 billion contracts in April. This was up 2.4% from March 2024 and up 89.9% from April 2023.
CONTINUE READINGAppointments, promotions, and other people news in the derivatives industry
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