The Futures Industry Association (FIA) and the International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the FIA-ISDA Cleared Derivatives Addendum, a template that can be used by U.S. futures commission merchants (FCMs) and their customers to document their relationship with respect to cleared over-the-counter (OTC) swaps.
CONTINUE READINGThe financial services industry is well-known for its complex terminology, incomprehensible to anyone outside the sector – perhaps even to some active in it.
CONTINUE READINGSince its inception, FIA's Principal Traders Group ("FIA PTG") has worked diligently to improve markets.
CONTINUE READINGFIA PTG is an association of more than 20 firms that trade their own capital on exchanges in futures, options and equities markets worldwide.
CONTINUE READINGFIA Europe strongly support the overarching goal of reducing systemic risk in OTC derivative markets by introducing obligation to clear certain classes of OTC derivatives.
CONTINUE READINGI was recently interviewed on CNBC about high frequency trading and dark pools in Europe. Steve Sedgwick raised some interesting questions during the interview, which I wanted to address further here.
CONTINUE READINGFIA and the FIA Principal Traders Group sent a letter to the Commodity Futures Trading Commission yesterday, urging the CFTC to leverage existing resources as it works to develop a 21st-century surveillance system.
CONTINUE READINGGeneral CFTC Request for Comment on Commission's Surveillance Program
CONTINUE READINGThe filing of these responses represents merely the start of the industry's engagement on these key issues - we look forward to working with members and regulators in the coming months as we continue our collaborative engagement with rule-writers to seek clear, proportionate, regulation that interacts smoothly with similar third county rules.
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