The US Commodity Futures Trading Commission (CFTC) held a public meeting of its Agricultural Advisory Committee (AAC) on 5 April to discuss topics related to the agricultural economy. The meeting featured a panel discussion about sustainable biofuels production and presentations about data and macro trends in global agriculture markets.
CONTINUE READINGStockholm may seem to be on the periphery of Europe from a geographical perspective. But when it comes to the major issues impacting the European derivatives markets, it’s right in the thick of the action. FIA came to Stockholm for the first in a series of forums around Europe with regulators, exchanges, brokers, clearing firms, and other market participants. Three topics dominated the discussions: location requirements for central clearing, the implications of the ION Markets ransomware attack, and the imposition of a price cap on gas markets.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $335.3 billion in February, up 0.6% over the last 12 months.
CONTINUE READINGIn the wake of the SVB collapse, some believe more regulation is the answer. But a better topic of debate should be how to develop a culture of risk management at organizations that stretches from the boardroom to the mailroom, and protects businesses against shocks and disruptions.
CONTINUE READINGFIA has filed comments with the US Federal Trade Commission raising concerns with its proposal to enact a near-categorical ban on non-compete provisions in U.S employment agreements.
CONTINUE READINGIn a letter filed today with the Federal Trade Commission, the FIA Principal Traders Group responded to the proposed Non-Compete Clause Rulemaking which would effectively prohibit the use of non-compete clauses. FIA PTG cautioned that proprietary software, and the innovative source code that runs it, is key to many FIA PTG members’ success as liquidity providers. Accordingly, this Proposal if implemented as proposed would limit their ability to protect their intellectual property from disclosure to competitors and potentially jeopardize the liquidity they are able to provide.
CONTINUE READINGOver the last 18 months, a number of major Chinese banks and securities firms have beefed up their presence in futures markets outside China.
CONTINUE READINGFIA makes three key observations and suggestions in its submitted comments to the China Securities Regulatory Commission’s consultation paper on draft Measures for the Supervision and Administration of Futures Companies.
CONTINUE READINGTrading volume on swap execution facilities reached $1.28 trillion in average notional value per day during March 2023. This was up 16.3% from the previous month and up 12.6% from the same month of the previous year.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 10.57 billion contracts in March, the highest level ever recorded. This was up 24.9% from February 2023 and up 54.2% from March 2022. On a year-to-date basis, volume in the first three months of the year was 27.54 billion contracts, up 43.8% from the first three months of 2022. The majority of that increase came from equity index contracts.
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