The German law for the prevention of risks and abuses in high frequency trading, the High Frequency Trading Act, came into effect in May 2013. The law introduced new requirements for algorithmic and high frequency trading firms that are active in German securities and derivatives markets.
CONTINUE READINGOn Dec. 11 FIA submitted an extensive response to the Commodity Futures Trading Commission’s “Concept Release on Risk Controls and System Safeguards for Automated Trading,” which was issued in September as part of a broad examination of the impact of technology on U.S. futures markets.
CONTINUE READINGShortly before the end of the year, the Commodity Futures Trading Commission took an important step towards clarifying how it will apply its regulations to crossborder trading in swaps.
CONTINUE READINGBanking regulators are putting in place a new set of international capital standards aimed at strengthening the banking system’s capital base. One consequence is that the cost of providing clearing services will rise dramatically over the next several years.
CONTINUE READINGFor the last decade, the U.S. futures industry has conducted a disaster recovery test each fall to assess industry-wide preparedness to respond to business disruptions.
CONTINUE READINGLUKKEN: I should start by congratulating you on your anniversary. It’s been four years since you joined SGX.
CONTINUE READINGThe London Metal Exchange’s LME Clear, the exchange’s selfclearing platform, chose The Depository Trust & Clearing Corporation as its partner for LMEwire, a new reporting service that is scheduled to go live in early 2014 to meet trade reporting requirements under the European Market Infrastructure Regulation.
CONTINUE READINGAs we enter the New Year, it is a good moment to take stock of where we have been and where we are going.
CONTINUE READINGFIA writes to the Division of Clearing and Risk on behalf of its member futures commission merchants (“FCMs”) to request confirmation of certain rule interpretations with respect to CFTC Rule 1.73.
CONTINUE READING