Search
Showing 5064 results
FIA announces partnership with Rise New York, created by Barclays, to promote Innovators Pavilion
Washington, D.C.—July. 26, 2018—FIA today announced that Rise New York, created by Barclays, has joined the FIA Innovators Pavilion as a community partner. Rise New York will help FIA promote the Innovators Pavilion, FIA’s annual fintech showcase. Now in its fourth year, the Innovators Pavilion is part of FIA Expo, the world’s largest gathering of professionals in the derivatives markets. This year’s FIA Expo will take place in Chicago on Oct. 16-18.
CONTINUE READINGFIA/ISDA jointly respond to ESMA’s Clearing Obligation CP no. 6
On 31 August, FIA and ISDA submitted a joint response to ESMA’s consultation paper on Clearing Obligation under EMIR (no.6), in particular relating to the treatment of intragroup transactions. FIA and ISDA members strongly support ESMA’s move to extend the derogation from the clearing obligation for intragroup transactions concerning third-country entities based in jurisdictions which do not benefit from an equivalence determination under article 13(2) of EMIR. Were the derogation not extended, particularly in the time available before the expiry of the current exemption, the impact on the ability of European derivative market participants to operate on a cross-border basis would be severe. The full response can be found here.
CONTINUE READINGFIA co-signs statement calling for extension of tax derogation for European Power, Gas and Carbon Markets
FIA and 17 other trade associations active in energy markets jointly submitted a statement highlighting an urgent need to confirm the extension of the VAT derogation for a domestic reverse charge mechanism (“DRCM”) in European electricity, gas and emission allowance markets. The option for member states to apply DRCM was introduced to combat VAT fraud in those markets and, unless extended, will expire on 31 December 2018. Before the introduction of DRCM, billions of VAT had been defrauded from European Exchequers. The associations recommend an extension of the derogation by at least five years, a confirmation that DCRM also applies to Certificates of Origin, and comprehensive application of DRCM across all EU member states to ensure market participants can maintain trust in the integrity and safety of electricity, gas and emission allowance markets.
CONTINUE READINGFIA Announces Fintech Startups Chosen for Fourth Annual Innovators Pavilion
Washington, D.C.—FIA today announced that 15 companies have been chosen to exhibit in the FIA Innovators Pavilion at the 34th Annual Futures & Options Expo, which will take place in Chicago on Oct. 16-18.
CONTINUE READINGMarket Information for National Day of Mourning, Wednesday, December 5, 2018
FIA has gathered the following information for individuals and companies who use the various financial markets on a daily basis. In observance of the National Day of Mourning to honor former President George H.W. Bush, who passed away November 30, US equity and fixed income markets will be closed on Wednesday, December 5. US equity index and fixed income futures and options markets will also be closed for trading during US business hours. All other US futures markets will open as usual.
CONTINUE READINGNeither a Borrower Nor a Lender Be: On CCPs and Banks
A central counterparty, viewed from an economic perspective, is a “commitment mechanism.” The ultimate function of a CCP is to assure performance of contract obligations between its members. They do so by becoming substituted counterparties to all trades submitted for clearing—becoming, in effect “the buyer to every seller and the seller to every buyer”—thereby ensuring the performance of open contracts.
CONTINUE READINGTAIFEX delivers a stellar performance and hits an all-time trading record in 2018
Overall trading volumes on the Taiwan Futures Exchange reached another all-time record in 2018. More than 308 million contracts were traded, an increase of 16% compared to the previous year. In addition to growth in the exchange's core products, two other distinct factors also contributed to this exciting growth: the popularity of TAIFEX's night session, which more than doubled compared to 2017, and the expanding participation of international investors, who now account for 20% of the exchange's total volume.
CONTINUE READINGManaging a Default: The Eurex Clearing Approach
Since the collapse of Lehman Brothers in 2008, policymakers’ and legislators’ focus on the topic of clearinghouse resilience, recovery and resolution has been intense, with many experts and commentators warning of yet more severe consequences for the financial system should a central counterparty ever have issues or even go into default.
CONTINUE READINGCommentary: CFTC takes a new approach to position limits
"This may be the one case where the exception to the rule is more important than the rule itself." — CFTC Chairman Heath Tarbert, Jan. 30, 2020
CONTINUE READINGInsight: The Importance of Deference
Welcome to the first issue of MarketVoice magazine and the new Insight column. As part of the expanded industry coverage in MarketVoice, I’ve set aside this column to explore key topics that are affecting our industry and membership.
CONTINUE READING