Founded in 2018 in New York, Clear Street is a diversified financial services firm and FINRA-registered broker-dealer offering clearing, custody, execution, and financing for US equities and options and clearing, custody, and financing for fixed-income securities.
CONTINUE READINGMarket watchers expect dramatic changes in the European clearinghouse landscape over the next few years, including more competition for the clearing of interest rate swaps, a big operational migration at Euronext, and consolidation in energy derivatives clearing.
CONTINUE READINGThe search for greater capital and operational efficiency is one of the top areas of focus for the derivatives industry, according to a recent survey of industry professionals conducted by FIA and Coalition Greenwich.
CONTINUE READINGThe 14-page report, Derivatives Market Structure 2024: Focusing on Capital and Workflow Efficiency, provides a unique perspective into the key drivers for the global clearing business. The report is based on findings from research of market participants conducted jointly by FIA and Coalition Greenwich, a provider of strategic benchmarking, analytics and insights to the financial services industry.
CONTINUE READINGOpening remarks of Walt Lukken, President and CEO of FIA, at the International Futures Industry Conference in Boca Raton, FL. As prepared for delivery.
CONTINUE READINGConstant trading is the nature of financial markets, but there have been signs that the current structure may be unable to keep up with the rapidly increasing level of trading volume in these markets. Tokenization could be just the thing to increase trading efficiency and reliability.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC to disapprove the self-regulatory organizations’ (“SRO”) proposed rule changes to Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT Fee Filings”) incurred by the SROs prior to January 1, 2022.
CONTINUE READINGFIA EPTA welcomes the FCA’s proposals on improving bonds and derivatives transparency. Our members are very supportive of both the ambition and simplicity shown regarding both pre-trade and post-trade transparency. A less complex regime will be easier for firms and trading venues to comply with and administer and above all will make UK capital markets more attractive. The inclusion of sovereign bonds in this ambitious framework is a particularly innovative step and will support the growth and competitiveness of UK capital markets with tangible benefits to the real economy.
CONTINUE READINGThe US Commodity Futures Trading Commission's Global Markets Advisory Committee held a meeting on 7 March in Washington DC that featured a robust agenda including a panel discussion about the proposed US bank capital rules and the negative implications on derivatives markets and market participants.
CONTINUE READINGTrading volume on swap execution facilities reached a record $1.24 trillion in average notional value per day during February 2024. This was down 16.4% from the previous month but up 13% from the same month of the previous year. Compared to January 2024, trading was down in every sector.
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