On 2 September, FIA responded to an independent review of the nickel market disruption on the London Metal Exchange. The review is being conducted by Oliver Wyman, a consulting firm, on behalf of LME.
CONTINUE READINGFIA is pleased to announce the induction of Richard Berliand, the chairman of J.P. Morgan’s global futures and options business, into the Futures Hall of Fame on March 14, 2008.
CONTINUE READINGJohn Boehner, Speaker of the House from 2011 to 2015, was inducted into the Futures Hall of Fame at the 41st annual FIA International Futures Industry Conference in Boca Raton, Florida.
CONTINUE READINGThe volume of cleared swaps at most major global clearinghouses increased throughout 2014, with the biggest increases seen in dealer-to-client transactions.
CONTINUE READINGFIA joins the U.K. in mourning the loss of Queen Elizabeth II and has begun discussions with market participants in the cleared derivatives industry about the potential of market closures in observance of her passing.
CONTINUE READINGIn the paper, IOSCO lays out a general overview of the DeFi space, and some of the challenges and risks regulators see. FIA EPTA and its members are becoming part of the DeFi space and are pleased to see the growing interest from policymakers and regulators. One of the key challenges that the IOSCO paper tried to tackle is defining what DeFi is, this is also an issue faced by market participants as there is no general view on DeFi yet.
CONTINUE READINGFIA supports ESMA’s proposals to remove the special process of collection and distribution of penalties by central counterparties for cleared transactions. This will allow for the centralisation of collection and distribution process of cash penalties for both cleared and uncleared transactions upon a single entity (central securities depository), allowing for a more straightforward and consistent approach, fully centred on the settlement step regardless of trading flow.
CONTINUE READINGFIA FIA created this page for members as a resource for information related to market closures caused by the Her Majesty Queen Elizabeth II’s State Funeral on Monday 19 September.
CONTINUE READINGWith Europe facing an extraordinary shortage of energy triggered by Russia’s invasion of Ukraine, prices for natural gas and electricity have reached record highs. FIA provides a high-level overview of the liquidity issues emerging in the futures markets and our perspective on some of the measures now under consideration to ease the impact on utilities and other firms facing extraordinarily large margin calls.
CONTINUE READINGFIA EPTA is appreciative to the FCA for taking the lead in designing an improved post-trade transparency regime which should benefit the efficiency and competitiveness of UK capital markets. FIA EPTA members found broad support for the FCA’s proposals and found them to be mostly welcome enhancements to the current approach to post-trade transparency.
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