On 5 April, FIA co-signed a letter to HM Treasury and FCA regarding the equivalence of EEA trading venues. Signing the letter alongside FIA were ISDA (International Swaps and Derivatives Association), AFME (Association for Financial Markets in Europe), AIMA (Alternative Investment Management Association), Assosim (Association for Financial Market Intermediaries), EFET (European Federation of Energy Traders), ICI-Global (Investment Company Institute), SIFMA AMG (Securities Industry and Financial Markets Association Asset Management Group) and UK Finance
CONTINUE READINGRecently confirmed Commissioner Dan Berkovitz expressed optimism that the Commodity Futures Trading Commission will forge ahead on a "timely" agenda of issues in a bipartisan way.
CONTINUE READINGThe marketplace for derivatives backed by digital assets is changing rapidly. But depending on who you ask, that pace of change could either be too fast—or not fast enough.
CONTINUE READINGTo some outside observers, it may seem like a distant memory that a member of Nasdaq’s Nordic clearinghouse defaulted in September. But the event remains fresh in the minds of many derivatives market participants, and a hot topic of conversation in the industry.
CONTINUE READINGIn 2018, China has taken great strides towards globalizing its derivatives markets. Yuan-denominated crude oil futures contracts began trading internationally in March, followed by iron ore contracts that began trading internationally in May. And most recently, the China Securities Regulatory Commission granted UBS Group permission for a majority stake in its Beijing-based subsidiary in December — making it the first foreign bank to formally control a Chinese securities firm.
CONTINUE READINGThe cleared derivatives industry currently faces a dichotomy of increasingly interconnected global markets but increasingly localized regulation.
CONTINUE READINGWhen it comes to clearinghouse risk issues, the cleared derivatives community is united in agreement on the importance of protecting CCPs -- from the clearinghouses themselves to brokers, commodity trading firms and member clearing firms.
CONTINUE READINGIntercontinental Exchange and Eris Innovations are revamping the pricing structure of their European interest rate swap futures to make the contracts more user-friendly. A similar change has already proved highly successful in the U.S., and the two companies are now working to roll out the new pricing structure in the third quarter.
CONTINUE READINGWaning volatility in 2019 has taken its toll on a number of market participants that seek to generate returns from trading options. In the latest proof of these challenges, investment firm Victory Capital has cancelled its plans to acquire Harvest Volatility Management, a fund manager specializing in options-based investment strategies for high net-worth individuals.
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