Worldwide volume of exchange-traded derivatives was 4.9 billion contracts in the month of July, making it the the highest level recorded. The July total was down 2.4% from the previous month but up 26.9% from July 2020.
CONTINUE READINGIn this episode, we feature one of the most distinguished individuals in the futures industry, Leo Melamed. Leo is a giant in this industry having served as Chairman of the CME during a time when the Merc moved from an agriculture-based futures exchange to the global powerhouse it is today.
CONTINUE READINGFIA EPTA appreciates the opportunity to provide feedback to the European Commission Public consultation on a retail investment strategy for Europe. FIA EPTA members believe that the current retail investor protection framework is an important tool to ensure retail participation in capital markets. However, an update is necessary. Over the past years, retail participation on lit markets has gone down, and the ways in which retail investors participate in the markets has changed.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the European Commission’s consultation on permanently lowering the relevant threshold for the notification of significant net short positions in shares. Short selling plays an important role in ensuring the proper functioning of financial markets in terms of liquidity and efficiency of price formation. It enables investors to manage risk and marketmakers to facilitate risk transfer for others by hedging their positions through buying and selling shares.
CONTINUE READINGFIA and FIA EPTA submitted comments to the European Commission (EC) call for feedback on the Platform on Sustainable Finance’s draft proposal for an extended taxonomy to support economic transition. FIA and FIA EPTA members largely and recognize the desire to further expand the Taxonomy regulation. However, FIA and FIA EPTA members believe it is too early to broaden the scope of the taxonomy too widely as the existing Taxonomy regulation has only just come into force and needs time to demonstrate its impact on the market.
CONTINUE READINGThe FIA European Principal Traders Association (FIA EPTA) appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) to the Consultation Paper on the clearing and derivative trading obligations in view of the benchmark transition. We encourage ESMA to incorporate ongoing flow trading data into its analysis. Data regarding daily trading activity is important when making liquidity assessments and monitoring the market’s ongoing transition to new benchmark rates.
CONTINUE READINGDivision members can download the current FIA Law & Compliance Directory, which lists all L&C members as of August 2021. This directory is a resource that will help you stay in touch with other FIA L&C members as well as provide contact information for personnel at the CFTC, SEC, NFA and Congress.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Consultation Paper on enhancing climate-related disclosures by standard listed companies and seeking views on ESG topics in capital markets. FIA EPTA members welcome the actions and responsibilities taken by the Government of the United Kingdom to work towards the common goals of reaching climate neutrality in 2050.
CONTINUE READINGFIA EPTA welcomes the opportunity to comment on the Basel Committee Consultative Document “Prudential treatment of cryptoasset exposures”, dated June 2021. The discussions within the Basel Committee and this Consultative Document are very timely. We have reached a pivotal moment for the adoption of innovative technologies that will improve capital markets by verifiable and transparent information, higher efficiency of clearing and settlement and more liquidity. New digital assets are emerging that promise greater stability, wider acceptance and increase possible uses.
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 5.29 billion contracts in the month of August, making it the second highest level recorded after March 2021.
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