FIA’s annual survey of derivatives exchange volume revealed that the total number of futures and options traded on exchanges worldwide reached 25.22 billion contracts in 2016. Although that was only 1.7% higher than the previous year, the increase in the number of contracts traded was enough to set a new annual record for the derivatives exchange industry. The previous high was set in 2011, when total volume reached 24.98 billion. The annual survey includes tables and charts showing exchange and contract rankings as well as breakdowns by region and asset class, and the underlying data can be downloaded directly from the website in Excel format. Read Now
CONTINUE READINGFIA filed a letter with the Commodity Futures Trading Commission on Feb. 3, 2017 asking for an extension of existing no-action relief from the agency's Ownership and Control Reports rule. FIA explained that many reporting entities remain concerned that they will not be able to comply with the March 1 compliance date specified in prior no-action relief with respect to reporting certain identifying information that may be subject to privacy laws in non-U.S. jurisdictions. In fact, some firms may be forced to choose between compliance with the OCR rule and compliance with non-U.S. privacy laws if the deadline is not extended, FIA said.
CONTINUE READINGFIA filed a letter with the Commodity Futures Trading Commission on Aug. 15, 2017 asking for an extension of existing no-action relief as well as additional relief regarding the reporting obligations under the agency's Ownership and Control Reports rule. FIA explained that the companies subject to these obligations are not able to fully comply with the OCR rule and reiterated its position that the CFTC should conduct a formal rulemaking to address the challenges that the rule poses for intermediaries and their customers.
CONTINUE READINGThe House Agriculture Committee held a hearing on Oct. 11 to receive an update from Chris Giancarlo, the chairman of the Commodity Futures Trading Commission, on the CFTC’s agenda. Giancarlo's testimony covered a wide range of issues and initiatives at the CFTC, including cybersecurity, fintech, enforcement, Project KISS, swap trading and reporting rules, clearinghouse supervision, and cross-border issues.
CONTINUE READINGWalt Lukken, President & Chief Executive Officer presents the opening remarks at Expo 2017.
CONTINUE READINGRostin Behnam and Brian Quintenz joined FIA president and CEO Walt Lukken in a fireside chat at their first FIA conference since being sworn in as Commissioners of the Commodity Futures Trading Commission. In addition to learning more about their respective backgrounds, the Expo audience also heard the Commissioners share their thoughts on regulatory reform in the past decade since the financial crisis, cross-border challenges and the relationship between regulators and industry.
CONTINUE READINGThe 13th Annual Asia Derivatives Conference featured a special session called “Cryptocurrencies 101” that provided an overview of cryptocurrencies, the evolution of the market and how the derivatives market is responding. Moderated by FIA Tech President Nick Solinger, the speakers included Cameron & Tyler Winklevoss, co-founders of digital asset exchange Gemini, and Yvonne Zhang, chief executive officer of the Aquifer Institute, which offers a blockchain-based trade finance product.
CONTINUE READINGFIA’s European E-Trading Committee - in cooperation with the Managed Funds Association - have produced a template of questions for use by exchange members facilitating algorithmic trading by their clients.
CONTINUE READINGCryptocurrency futures made their debut in the U.S. at the end of 2017. What are the prospects for similar products to be launch in Europe? What is the appetite among retail and institutional players? And how are regulators reacting?
CONTINUE READINGKeynote Remarks of FIA President and CEO Walt Lukken 78th Shanghai Clearing House Forum: Financial Risk and Innovation June 27, 2018
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