FIA Europe issued a response to the question on third countries in chapter 2 (Third Countries) of the HM Treasury consultation on the Transposition of the Markets in Financial Instruments Directive II.
CONTINUE READINGThe Netherlands Authority for the Financial Markets recently released a report on its expectations around the current and future use of internal controls for automated trading. This is an important theme for FIA EPTA and we are pleased to see that the AFM's report sets clear principles and shows the importance of industry best practice and the principles of proportionality.
CONTINUE READINGTraders scouting for relative value opportunities across fixed income futures, swaps and cash Treasuries now have access to an online application that taps into real-time data from CME Group and ICAP.
CONTINUE READINGMoney.Net, a New York-based start-up founded by a former Bloomberg executive, has developed an online market data and analysis platform for professional traders with many of the same features as a Bloomberg terminal but at a much lower cost.
CONTINUE READINGFour examples of how technology vendors are bringing innovative solutions for financial services firms wrestling with cost pressures, legacy systems and new regulatory requirements.
CONTINUE READINGOn April 22, the U.K.'s Financial Conduct Authority announced that it fined Merrill Lynch International £13.2 million ($20.5 million) for incorrectly reporting more than 35 million transactions and failing to report another 121,387 transactions between November 2007 and November 2014.
CONTINUE READINGThe arms race of trading technology is showing no signs of stopping in the exchange world.
CONTINUE READINGOn April 29, the Securities and Exchange Commission proposed several changes to its rules for applying the swaps-related provisions of Dodd-Frank to non-U.S. entities that conduct dealing activity in the U.S.
CONTINUE READINGIn a decision with major implications for U.K. clearinghouses such as LCH.Clearnet and ICE Clear Europe, the General Court of the European Union issued a decision on March 4 rejecting the European Central Bank's efforts to require clearinghouses to be located in the Eurozone if they clear derivatives denominated in euros.
CONTINUE READINGOn April 30, the Commodity Futures Trading Commission approved for public comment a proposed rulemaking that would reduce certain reporting and recordkeeping requirements for end-users that transact in trade options, a term used by the CFTC to refer to physically settled over-the-counter options on commodities that are purchased by commercial end-users.
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