The Futures and Options Association (now FIA) in 2004 published the latest version of the Grid Trade Master Agreement (GTMA), which is a standard agreement for bilateral trading of UK electricity. It can be supplemented by the Options Annex to the GTMA. In 2005, the FOA (now FIA) also published a standard agreement for trading Renewables Obligation Certificates (ROCs) in the UK – the ROC Trading Master Agreement (ROCTMA).
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 4.24 billion contracts in the month of September, up 13.9% from the previous month and up 41.2% from September 2019.
CONTINUE READINGOn 5 October 2020, FIA, joined AFMA, ASIFMA, IBA and ISDA, to submit a letter to the financial regulators in Australia, Hong Kong, Japan, and Singapore to request for reciprocal Business Continuity Plan (BCP) arrangements between jurisdictions.
CONTINUE READINGFIA’s commodities members generally support the two CFTC proposals regarding the “Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants.” The Proposals seek to amend the current margin requirements for uncleared swaps for Swap Dealers and Major Swap Participants for which there is no prudential regulator.
CONTINUE READINGFIA will host Boca - the International Futures Industry Conference - virtually in 2021.
CONTINUE READINGFIA has released the first version of its CCP Tracker
CONTINUE READINGFIA today released a white paper that examines the dramatic increase in margin requirements at derivatives clearinghouses during the first quarter of 2020 due to increased market volatility related to the pandemic.
CONTINUE READINGThe CFTC recently finalized its interpretive guidance on what qualifies as “actual delivery” of virtual currency for purposes of the Commodity Exchange Act’s retail commodity transaction definition.
CONTINUE READINGFor clearing firms, managing client margin requirements across multiple CCPs for exchange-traded derivatives on a daily basis is a complex process that requires intricate operational and technological workflows.
CONTINUE READINGFIA EPTA response to the ESMA Call for Evidence on RTS 1 and 2. The purpose of this exercise by ESMA is to gather input and views on practical issues related to the application of RTS 1 and RTS 2 that market participants have identified since the application of MiFID II/ MiFIR. The response builds on comments made by FIA EPTA earlier to ESMA and the European Commission for their Equities, Non-equities and general MiFID II consultations. Additional comments by FIA EPTA relate to issues that so far have not been picked up or actioned by ESMA.
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