The trend towards the de-mutualization of exchanges that began in the early 2000s has resulted in the most significant European exchanges being for-profit organisations. There has also been substantial consolidation amongst exchanges in Europe arising from acquisitions by other exchanges. Furthermore, there have been acquisitions by exchanges of entities not involved or only peripherally involved in exchange-type activities resulting in a significant dilution of the importance of revenues arising from execution fees to the overall revenues of the groups operating these exchanges.
CONTINUE READINGFIA and ISDA have responded to a consultation from the Canadian Derivatives Clearing Corporation on rule changes regarding skin in the game.
CONTINUE READINGFIA went to Stockholm at the end of May in the first of its series of European forums this year with industry experts discussing issues and trends in the listed derivatives markets. Several topics dominated the panel discussions at the Nasdaq-hosted event, including operational efficiency, cyber resilience, EMIR 3.0 and the Capital Markets Union.
CONTINUE READINGLeaders of the largest European derivatives exchange operators have offered their perspectives on how a changing political landscape could potentially affect the financial markets.
CONTINUE READINGTrading volume on swap execution facilities reached $1.25 trillion in average notional value per day during June 2024. This was up 8.8% from the previous month and up 34.1% from the same month of the previous year. Compared to May 2024, trading was up in every category except the FRA sector.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $337.4 billion in May, up 2.9% from the previous month but down 1.3% over the last 12 months.
CONTINUE READINGFund managers and clearing firms discuss applications for tokenisation in collateral management at FIA's IDX conference in London.
CONTINUE READINGFIA European Principal Traders Association is pleased to announce that Sandra Burggraf, Senior Policy Advisor – Prudential Regulation & Risk, has been appointed to the European Banking Authority’s Banking Stakeholder Group (EBA BSG).
CONTINUE READINGThis paper consolidates our previous work and covers best practices in pre-trade risk management, exchange volatility control mechanisms, post-trade analysis and exchange-based conformance testing, among other areas. These practices are designed to help ensure that markets operate safely, regardless of the technology used.
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