FIA EPTA responds to HMT consultation on UK draft legislation on cryptoassets
CONTINUE READINGFIA PTG encouraged the CFTC to confer with the industry through roundtables and other open forums before making a determination to permit widespread 24/7 trading.
CONTINUE READINGUS market regulators and US bank regulators should develop and implement capital efficiencies by permitting both cross product margining and cross product netting. These efficiencies would improve market liquidity and incentivize clearing activity by highly regulated US banks across both emerging digital asset markets and traditional markets.
CONTINUE READINGFIA appreciates US House Financial Services Committee Chair French Hill and House Agriculture Committee Chair G.T. Thompson for advancing the bipartisan CLARITY Act. This legislation is an important step in providing legal and regulatory certainty for the crypto and financial services industry.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached a record setting $390.4 billion in April, up 11.3% from the previous month and up 19.1% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 50 in April, up from 48 year ago but down from 53 five years ago.
CONTINUE READINGThe white paper states that the cleared derivatives industry is at an "inflection point" in the adoption of tokenisation and notes that several clearinghouses are exploring use cases for this technology.
CONTINUE READINGThis is the third final standard published by DMIST, an independent organization formed by FIA in July 2022, to promote greater efficiency across the trading and clearing workflow.
CONTINUE READINGBracewell addresses issues covering CFTC/DOJ prosecution of Commodity Exchange Act Violations for Non-US Conduct and UK and EU developments.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGIndia's National Commodity and Derivatives Exchange, the country's largest agricultural commodities trading venue, is gearing up to launch equity and equity derivatives trading on its platform after receiving preliminary approval from the country’s markets regulator this summer. NCDEX is the latest Indian exchange to expand to this asset class.
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