Read the latest people news in the cleared derivatives industry. Big changes at the regulators and new faces and promotions at FIA, Hong Kong Exchanges and Clearing, London Metal Exchange, European Commodity Clearing, Wells Fargo and more.
CONTINUE READINGFIA has submitted a response to ESMA's consultation paper on the review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR.
CONTINUE READINGTrading volume on swap execution facilities reached $1.02 trillion in average notional value per day during December 2024. This was down 15.6% from the previous month but up 20.1% from the same month of the previous year. Compared to November 2024, trading was down in every category.
CONTINUE READING2024 saw more people across the world vote in elections than any year in recent memory. Nearly half the world’s population went to the polls to elect leaders in 70 countries. This brought new leaders with new policy positions and new ways of governing. FIA President and CEO Walt Lukken explores three regions central to our markets that have experienced political transitions.
CONTINUE READINGOn 22 January, the European Securities and Markets Authority hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets. Members of the Industry Committee, including FIA EPTA and FIA, welcome the ESMA report, which identifies a pathway and a date for the transition to the T+1 settlement cycle.
CONTINUE READINGOn 22 January, the European Securities and Markets Authority hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets. Members of the Industry Committee, including FIA and FIA EPTA, welcome ESMA's report, which identifies a pathway and a date for the transition to the T+1 settlement cycle.
CONTINUE READINGFIA and the FIA Principal Traders Group, along with several other financial services trade associations, have filed an amicus brief in response to the US Federal Trade Commission's appeal of a prior decision involving the FTC's final rule that would ban nearly all noncompete agreements in the US. The appeal is in Properties of the Village, Inc v. FTC and is being heard in the US Court of Appeals for the Eleventh Circuit.
CONTINUE READINGFIA, FIA Principal Traders Group and several other financial services trade associations have filed an amicus brief in response to the US Federal Trade Commission's appeal of a decision blocking its final rule that would ban nearly all noncompete agreements in the US.
CONTINUE READINGK&L Gates will explore the benefits of the tokenization of real-world assets; use cases for the futures industry; and the legal, regulatory, and operational hurdles firms may face when implementing tokenization. We will also discuss the industry’s efforts to promote the mainstream use of tokenized assets.
CONTINUE READINGJackie Mesa, FIA's Chief Operating Officer & Senior Vice President of Global Policy, made the following statement on the equivalence decision announced by the European Commission.
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