Worldwide volume of exchange-traded derivatives reached 7.75 billion contracts in November, up 10.9% from October 2022 and up 25.7% from November 2021.
CONTINUE READINGFIA EPTA members are supportive of the work being done by ESMA on market outages, particularly efforts to require trading venues to publish clear comprehensive outages plans on an ex-ante basis. Market resilience is at the core of efficient and competitive financial markets and it is imperative that trading venues clearly outline a well-planned approach to communication and management in the event of a market outage to provide certainty to market participants.
CONTINUE READINGEquity options and interest rate products boomed in the first quarter, giving U.S. exchanges a huge boost in volume.
CONTINUE READINGWhile FIA and its members have been strong advocates for a SSITG, Eurex's intention to reduce the first SITG by 28% as part of the implementation is “opposed to the spirit of the new recovery and resolutions regulations and what the industry has been pushing for the past few years.”
CONTINUE READINGFIA has responded to the Hong Kong Securities and Futures Commission’s consultation conclusions and further consultation on changes to the Position Limit Regime.
CONTINUE READINGFIA has submitted comments to the US Securities and Exchange Commission (SEC) in response to proposed rules establishing standards for covered clearing agencies for U.S. Treasury securities.
CONTINUE READINGIn December 2022, FIA published new industry standard netting and collateral legal opinions for the People’s Republic of China (PRC). Recent positive developments in the PRC’s legislative framework for derivatives, specifically the adoption of the Futures and Derivatives Law in 2022, made it possible for FIA to commission these opinions for the benefit of global clearing firms that provide derivatives clearing services (cleared OTC and ETD) to PRC clients when they wish to access non-PRC CCPs under the English law governed FIA Terms of Business.
CONTINUE READINGFIA joins the industry in mourning the loss of Nick Carew Hunt, an integral part of London's futures community and the growth of the derivatives industry in both the U.K. and Europe. He passed away at the age of 71 on 15 January after a short illness.
CONTINUE READINGIn a letter filed today with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) opposed a proposal to add IntelligentCross ATS as a new entrant to FINRA’s Alternative Display Facility.
CONTINUE READINGFIA says a one-size-fits-all approach should be avoided and instead advocates for greater flexibility to be given to futures brokers as long as the necessary risk controls and reporting requirements are in place.
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