FIA and FIA Principal Traders Group have filed an amicus brief along with several other financial services trade associations in a case involving the US Federal Trade Commission’s recently issued rule that bans nearly all noncompete agreements in the US. In their brief, the associations highlighted the practical challenges of the rule for the financial industry and warned that it would harm competition and endanger confidential information.
CONTINUE READINGFIA and FIA Principal Traders Group have filed an amicus brief along with several other financial services trade associations in a case involving the US Federal Trade Commission’s recently issued rule that bans nearly all noncompete agreements in the US. In their brief, the associations highlighted the practical challenges of the rule for the financial industry and warned that it would harm competition and endanger confidential information.
CONTINUE READINGThis Boca 2024 panel of financial markets and sports leaders explored how concepts and approaches to investing and trading are increasingly being applied to professional sports globally.
CONTINUE READINGRadix Trading is a proprietary trading firm that employs research-driven strategies on major electronic markets across North America, Europe and Asia. The company, which operates in Chicago, New York, and Amsterdam, is constantly evolving its strategies and developing new ones through innovative machine learning and statistical methodologies.
CONTINUE READINGThe Average Pricing Standard calls for CCPs globally to adopt certain minimum standard average pricing functionality. Standardized functionality will help drive consistency and improve the current allocation and timing issues associated with average price order workflows.
CONTINUE READINGFIA has responded to B3 Clearing's consultation proposing to amend rules regarding B3's recovery plan. As part of the recovery plan, the clearinghouse is proposing to include a final auction, giving market participants a last opportunity to assist it in returning to a matched book, as well as early settlement auction or tear-up provisions in case the final auction fails.
CONTINUE READINGThe US Commodity Futures Trading Commission's Global Markets Advisory Committee held a meeting on 4 June in New York to discuss a range of market developments and regulatory issues. One of the top themes was the potential impact of the proposed US bank capital rules, with several speakers focusing on concerns raised by end-users, intermediaries and market infrastructures.
CONTINUE READINGWith more and more electric cars on the road, futures markets are taking a closer look at battery metals, particularly copper, nickel, cobalt, and lithium. There are already well-established futures markets for copper and nickel, but cobalt and lithium are new on the scene, with several exchanges listing futures on these two metals in recent years.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $327.8 billion in April, down 2.9% from the previous month and down 4.6% over the last 12 months.
CONTINUE READINGAppointments, promotions, and other people news in the derivatives industry
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