FIA has updated its CCP Tracker visualizations with data from the third quarter.
CONTINUE READINGA new paper published by FIA European Principal Traders Association identifies an entire segment of equity activity in both EU and UK markets that is currently unreported. Consequently, European share trading volumes are perceived by the market, including global investors and issuers, as being significantly lower than they actually are.
CONTINUE READINGRecent developments in financial markets have led to a significant increase in the availability and interest in Environmental, Social, and Governance (ESG) futures products.
CONTINUE READINGIn a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) responded to the Fixed Income Clearing Corporation’s (FICC) proposals to revise its customer clearing access models and to modify its margin segregation rules.
CONTINUE READINGFIA has submitted a response to the Japan Securities Clearing Corporation’s consultation, which proposes to introduce stress add-on initial margin charges and a partial revision of the clearing fund calculation method in its listed financial derivatives clearing service.
CONTINUE READINGFIA has responded to the Fixed Income Clearing Corporation’s proposals to revise its customer clearing access models and to modify its margin segregation rules in order to implement the SEC’s new clearing mandate for U.S. Treasuries. FIA's response identifies conflicts between the proposed access structures and CFTC rules to which FCMs are subject.
CONTINUE READINGThe March 2024 issue of FIA's MarketVoice Boca magazine has just been published. The publication incudes our latest report on derivatives industry trends, an exploration of tech trends in derivatives markets, a look at the shifting European clearing landscape, the promise of tokenization, and much more!
CONTINUE READINGIndustry experts discuss the structural shifts they are seeing as the derivatives industry moves to modernise its markets.
CONTINUE READINGFCMs are currently relying on no-action relief that allows them to separately margin accounts of the same beneficial owner. This rule marks the second attempt by the CFTC to codify that relief. FIA’s letter asks the CFTC to codify the relief as written without laying on additional highly prescriptive requirements that limit FCM discretion to risk manage accounts.
CONTINUE READINGUnder current rules, US-based commodity pool operators, commodity trading advisers, futures commission merchants and prop firms can directly access Foreign Boards of Trade. The pending rule would include US-based introducing brokers among the permissioned registrants. FIA’s letter supports the proposed expansion, noting that adding introducing brokers to the mix should provide more brokerage options for US customers and promote liquidity in foreign products.
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