CFTC Chairman Rostin Behnam sat down with FIA President and CEO Walt Lukken to discuss his priorities for the agency and thoughts on issues including cyber risk and crypto regulation. Their conversation came after Behnam’s prepared remarks at FIA’s Boca conference on 15 March.
CONTINUE READINGFIA and ISDA filed a petition seeking clarity on the definition of swaps that will be subject to the CFTC position limits rule. Beginning January 1, 2023, the CFTC limits will apply to "economically equivalent swaps,” which is to say, swaps that have identical material contractual terms to futures and options that are subject to the federal limits. The petition asks the CFTC to exercise its authority under the rule to clarify the definition of economically equivalent swaps to allow market participants to comply with the limits and implement effective position monitoring systems and processes.
CONTINUE READINGFMX Futures Exchange is developing a stand-alone futures exchange for interest rate derivatives. Built on the successful Fenics technology, market participants will be able to trade cash vs. futures within the broader FMX ecosystem. Through FMX’s clearing services agreement with LCH, FMX futures contracts will be eligible for cross margining with swaps cleared at LCH, enabling margin offsets for clients. Planned products include SOFR futures and a full suite of US Treasury futures.
CONTINUE READINGExberry offers exchange and trading technology expertise to both traditional market participants and emerging innovators in the financial industry through a cloud-native solution that enables price discovery and matching of high volume ETDs as well as trading of complex OTCs. Partners include Eventus System, Trading Technologies, and Amazon Web Services, among others.
CONTINUE READINGPatomak Global Partners is a financial sector consultancy focused on risk management, compliance, litigation support and other professional services. Specific to derivatives markets, Patomak assists firms with regulatory licensing, internal risk controls and AML/KYC policies, and corporate governance for public companies, clearinghouses, and exchanges, among other things.
CONTINUE READINGTim Massad, chairman of the Commodity Futures Trading Commission, told U.S. lawmakers that he is concerned about the impact that new capital requirements will have on central clearing.
CONTINUE READINGBryan Cave Leighton Paisner is an international law firm with 25 offices worldwide. Within its operations, it has expert legal staff dedicated to fintech, digital assets, banking and other sectors of the financial industry. The Finance division at Bryan Cave Leighton Paisner advises all segments of the financial services industry, assisting with a broad spectrum of needs across financial regulation and capital markets.
CONTINUE READINGUS farmers are eager to enter the voluntary carbon market, but concerns about the validity of what is being traded is causing them to hold off from participating, according to Amanda Cain, a managing director at Société Générale, a French bank that runs one of the largest futures trading and clearing businesses in the world.
CONTINUE READINGSpeaking at FIA Boca on 16 March, senior executives at two leading European energy exchanges warned that the cap on prices – known as the "market correction mechanism" – will distort prices and drive hedgers into other markets.
CONTINUE READINGBornTec has been a leading technology provider to capital markets since 2002. CrossCheck™ by BornTec provides real-time at-trade data visibility, alerting, analytics and automation. It creates a complete multi-asset picture of your data in real-time and leverages that golden source across front-office, risk, compliance and C-Suite. True operational resiliency is achieved at limited cost and minimal effort through our low-code automation platform.
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