On 10 May, the US Commodity Futures Trading Commission voted 3-2 to advance a highly anticipated and contentious proposed rule regarding event contracts. The proposed rule advanced with the support of CFTC Chairman Rostin Behnam and Commissioners Kristin Johnson and Christy Goldsmith Romero. Republican Commissioners Summer Mersinger and Caroline Pham raised significant concerns about the proposal during an open meeting and opposed the proposed rule.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $337.8 billion in March, up 1.7% from the previous month but down 1.5% over the last 12 months.
CONTINUE READINGIn the two years after the London Metal Exchange was forced to close its nickel market and cancel $12 billion in trades, the exchange has worked hard to win back the confidence of market participants through a number of reforms. Trading volumes are rising again, but open interest has not fully recovered, and two new competitors have emerged.
CONTINUE READINGFIA’s quarterly review of volume and open interest on derivatives exchanges worldwide. This webinar will provide insights into trends in trading activity in the global listed derivatives markets.
CONTINUE READINGTrading volume on swap execution facilities reached $1.17 trillion in average notional value per day during March 2024. This was down 5.6% from the previous month and down 8.3% from the same month of the previous year.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $332.2 billion in February, down 0.9% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 47 in February, same as a year ago and down from 53 five years ago.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 14.84 billion contracts in March. This was down 8.9% from February 2024 but up 40.4% from March 2023.
CONTINUE READINGFIA EPTA has responded to the UK Financial Conduct Authority’s public consultation on changes to its approach to enforcement investigations. The proposed changes include the FCA publicly announcing the opening of an investigation and disclosing the identity of the subject of the investigation where it considers this to be in the public interest. While the associations support the FCA’s commitment to making its activities more transparent, they are concerned that the proposed approach will be detrimental to the orderly functioning of UK capital markets with limited value to public interest.
CONTINUE READINGFIA has responded to the UK Financial Conduct Authority’s public consultation on changes to its approach to enforcement investigations. The proposed changes include the FCA publicly announcing the opening of an investigation and disclosing the identity of the subject of the investigation where it considers this to be in the public interest. FIA is concerned that the proposed approach will be detrimental to the orderly functioning of UK capital markets, with limited value to public interest.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) urged the SEC to disapprove Nasdaq’s proposed rule changes to Expand the Cabinet Proximity Option Program and to Establish a Reservation Fee. FIA PTG raised three principal concerns with respect to the Proposed Rule Changes all in connection with Nasdaq’s existing data center facilities in Carteret, NJ (NY11) and Nasdaq’s new facility under construction just to the north of NY11 (NY11-4).
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