FIA filed a comment letter today with the Board of Governors of the Federal Reserve System expressing serious concerns with the significant increase in capital requirements for client derivatives clearing activities that the Board has proposed in its GSIB Surcharge Proposals. The changes would, on their own, increase the capital required to engage in client clearing activities by more than 58%.
CONTINUE READINGFIA estimates that top six US clearing banks would need more than $7.2 billion in additional capital for derivatives clearing services.
CONTINUE READINGFIA and CME respond to CFTC proposed rulemaking on investments for FCMs and DCOs
CONTINUE READINGFIA joined with the Securities Industry and Financial Markets Association in submitting a comment letter to US banking regulators regarding the operational risk elements of their proposed changes to US bank capital requirements.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 15.17 billion contracts in December, the highest level ever recorded. This was up 8.4% from November 2023 and up 79.7% from December 2022.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $322.3 billion in November, down 8.3% over the last 12 months.
CONTINUE READINGFIA today released statistics on the number of futures and options traded on exchanges worldwide in 2023. The total volume of trading reached 137.3 billion contracts in 2023, up 64% from the previous year. This was the sixth consecutive year of record-setting trading activity in the global listed derivatives markets.
CONTINUE READINGLast year the number of futures and options traded on exchanges worldwide hit a record level of 137 billion contracts. It’s worth taking a moment to appreciate just much the industry has grown in the last few years. Last year’s trading volume was 64% higher than the year before, and more than double the total number of contracts that traded in 2021.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) opposed the SEC's Volume-Based Exchange Transaction Pricing Proposal and urged the SEC not to move forward with finalizing it. FIA PTG said that exchange volume-based pricing tiers are just one small piece of the much larger transaction pricing picture, and that tweaking one piece of the pricing puzzle is unlikely to generate the results the Commission is looking for.
CONTINUE READINGBoth the global markets and China benefit from the opening of China's markets to the world. It makes these markets safer and more accessible to investors and hedgers wherever they may reside. This leads to a more resilient global economy and stable world, and that’s a win for everyone.
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