In a new letter and testimony submitted to the House Financial Service Committee, FIA continues to advocate for U.S. Congress to address the unintended consequences of post-crisis financial reforms that undermine the incentives and benefits of central clearing for derivatives.
CONTINUE READINGMr. Chairman and Members of the Commission, my name is Mark Young. I am appearing today on behalf of the Futures Industry Association.
CONTINUE READINGFIA President John Damgard discussed several issues related to the clearing of credit derivatives in testimony today before the U.S. House Agriculture Committee.
CONTINUE READINGFIA President John Damgard testified before the House Agriculture Committee on Feb. 3 regarding the discussion draft of the Derivatives Markets Transparency and Accountability Act of 2009.
CONTINUE READINGFIA’s set of MiFID II minimum standard recommendations for ETD eTrading for EU exchanges has now been updated to include an algo conformance statement on materiality.
CONTINUE READINGThe Futures Industry Association testified before the Commodity Futures Trading Commission on the third day of hearings regarding speculation in the energy markets and urged the agency to consider the risk of “market migration” if it applies restrictive position limits in the futures markets.
CONTINUE READINGOn 13 November 2015, FIA, ASIFMA and ISDA hosted an industry roundtable with EU Commissioner Lord Jonathan Hill in Hong Kong.
CONTINUE READINGFIA sent a letter to the U.S. Securities and Exchange Commission on April 26, urging the agency to finalize rules setting enhanced standards for systemically important security-based swap clearing agencies.
CONTINUE READINGThe number of futures and options traded on exchanges around the globe fell 15.3% in 2012 to 21.2 billion contracts from 24.9 billion in 2011.
CONTINUE READINGSince CME Group closed its last trading pits in 2015, large trades in agricultural contracts have not been easy to execute.
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