On Dec. 11 FIA submitted an extensive response to the Commodity Futures Trading Commission’s “Concept Release on Risk Controls and System Safeguards for Automated Trading,” which was issued in September as part of a broad examination of the impact of technology on U.S. futures markets.
CONTINUE READINGNestled in a non-descript office building in the Northern Virginia suburbs of Washington, D.C. is a trading platform, Nodal Exchange, that handles nearly 14% of all U.S. power futures trading.
CONTINUE READINGThe German law for the prevention of risks and abuses in high frequency trading, the High Frequency Trading Act, came into effect in May 2013. The law introduced new requirements for algorithmic and high frequency trading firms that are active in German securities and derivatives markets.
CONTINUE READINGOn Feb. 7 FIA filed a 48-page comment letter in response to the Commodity Futures Trading Commission’s proposed position limits rule, warning that the proposal would have a “negative impact” on price discovery and liquidity and would “significantly restrict” the ability of market participants to rely on derivatives markets to hedge risk.
CONTINUE READINGShortly before the end of the year, the Commodity Futures Trading Commission took an important step towards clarifying how it will apply its regulations to crossborder trading in swaps.
CONTINUE READINGIt has been a busy summer at FIA, and I am pleased to congratulate Gerry Corcoran on his election to chairman of FIA’s board of directors. Gerry is the CEO of R.J. O’Brien and has served on our board since 2008.
CONTINUE READINGBanking regulators are putting in place a new set of international capital standards aimed at strengthening the banking system’s capital base. One consequence is that the cost of providing clearing services will rise dramatically over the next several years.
CONTINUE READINGStephen Luparello was named director of the Securities and Exchange Commission’s division of trading and markets. Luparello was most recently a partner at the firm WilmerHale.
CONTINUE READING