FIA today released its annual report on global trends in the trading of futures and options.
CONTINUE READINGFIA, SIFMA and the Financial Services Roundtable on March 10 submitted comments to the CFTC regarding the application of Dodd-Frank regulations on transactions involving non-U.S. swap dealers.
CONTINUE READINGStephen Luparello was named director of the Securities and Exchange Commission’s division of trading and markets. Luparello was most recently a partner at the firm WilmerHale.
CONTINUE READINGThe recent troubles at the Korea Exchange have highlighted the urgent need for all of us in this industry to focus on global standards for clearinghouse risk.
CONTINUE READINGEurex launched in February the Eurex Mobile App for both iOS and Android phones
CONTINUE READINGWhen the European Commission launched its proposals to reform MiFID in October 2011, part of the reason was to implement some of the key principles of the reform program set out by the G20 leaders in response to the global financial crisis.
CONTINUE READINGNext-best-fits that express a trader’s interest will become the norm and having a technology solution that can quickly and easily display the menu of options available at any one time is set to become part of the new derivatives trader’s workflow.
CONTINUE READINGCentral clearing requirements took effect in phases in the U.S., beginning with swap dealers and major swap participants in the earlier part of 2013, then commodity pools and private funds and finally other participants such as pension plans and accounts managed by third-party investment managers.
CONTINUE READINGOn Feb. 7 FIA filed a 48-page comment letter in response to the Commodity Futures Trading Commission’s proposed position limits rule, warning that the proposal would have a “negative impact” on price discovery and liquidity and would “significantly restrict” the ability of market participants to rely on derivatives markets to hedge risk.
CONTINUE READINGAfter several years of work, officials from the European Parliament and the EuropeanCouncil have finalized the revised directive on markets in financial instruments (MiFID II) and a regulation on markets in financial instruments (MiFIR).
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