The approach to mandatory clearing of over-the-counter derivatives in Europe has not mirrored the swifter, more structured approach seen in the U.S., where the Dodd- Frank Act resulted in the start of mandatory clearing from early 2013.
CONTINUE READINGIt’s no secret that the global energy markets have imploded over the past six months with prices of crude oil reaching levels not seen since the crash of 2009.
CONTINUE READINGCentral clearing requirements took effect in phases in the U.S., beginning with swap dealers and major swap participants in the earlier part of 2013, then commodity pools and private funds and finally other participants such as pension plans and accounts managed by third-party investment managers.
CONTINUE READINGNext-best-fits that express a trader’s interest will become the norm and having a technology solution that can quickly and easily display the menu of options available at any one time is set to become part of the new derivatives trader’s workflow.
CONTINUE READINGOn 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 READINGFIA European Principal Traders Association (FIA EPTA) looks forward to the draft report on the proposed revision to the Markets in Financial Instruments Directive (MiFID) and the proposal for the Markets in Financial Instruments Regulation (MiFIR) by MEP Markus Ferber.
CONTINUE READINGFIA EPTA welcomes the opportunity to provide input to ESMA on their draft Regulatory Technical Standards (RTS) on Level 2 of MiFID II / MiFIR.
CONTINUE READINGEvery day the Commodity Futures Trading Commission monitors some 300 million data records covering a range of market information such as time and sales transactions, futures and swaps positions, intraday trades and swap events.
CONTINUE READINGThe Treasury options market, on the other hand, has moved much more slowly to adopt screen trading.
CONTINUE READINGOn June 24, the House of Representatives passed H.R. 4413, the Customer Protection and End User Relief Act, a bill to reauthorize the Commodity Futures Trading Commission through September 2018 and modify certain authorities of the CFTC within the Commodity Exchange Act
CONTINUE READING