Worldwide volume of exchange-traded derivatives reached 13.43 billion contracts in January. This increased 17.4% from December 2025 and increased 30.6% from January 2025.
CONTINUE READINGEPTA has responded to the FCA’s Consultation on the framework for a UK equity consolidated tape. We support the proposed inclusion of post-trade data and an attributed top of book for pre-trade quotes, as a compromise to begin operations whilst building for a future that would optimally including five layers of pre-trade data.
CONTINUE READINGFIA submitted comments to the Clearing Corporation of India Limited's consultation on revising the capped member liability framework for Default Fund replenishment. FIA welcomed CCIL’s aim to improve transparency and predictability of members’ potential unfunded Default Fund exposure.
CONTINUE READINGFIA has responded to the Financial Conduct Authority’s consultation on improving the UK Transaction Reporting Regime. FIA welcomes several positive elements within the proposals, including reduced back-reporting timelines and the removal of low-value reportable fields. At the same time, FIA highlights industry concerns relating to proposals on conditional single-sided reporting, which members believe are unlikely to deliver meaningful efficiency gains.
CONTINUE READINGFIA highlights issues for consideration by the EBA for the SREP Guidelines, with the aim of increasing proportionality and increase alignment with existing EU regulatory frameworks in the Operational Resilience space.
CONTINUE READINGEurope’s push to strengthen its capital markets took centre stage at an FIA forum in Brussels this month, with policymakers and market participants examining the European Commission’s Market Integration and Supervision Package and proposed reforms to ESMA’s supervisory powers.
CONTINUE READINGNew platform brings IFM courses and FIA resources together under a single education hub
CONTINUE READINGOver the course of two-plus days, we met with policymakers at the European Commission, several EU Member States’ representations, key members of the European Parliament and their staff, and leaders at the European Securities and Markets Authority and European Central Bank. We reiterated the story of the global cleared derivatives industry, how we agree with the push to simplify the regulatory burden on our members and discussed centralised supervision.
CONTINUE READING2025 was a year in which FIA members leaned in, worked together and delivered meaningful progress for global derivatives markets. We should take pride in how often our work translated into real-world outcomes.
CONTINUE READINGThe European Commission intends to propose empowering the European Securities and Markets Authority as the central supervisor for the EU’s most significant cross-border entities – including central counterparties, central securities depositories, large trading venues and crypto exchanges. The formal proposal is expected in the coming weeks. If ESMA is to assume direct supervision, its governance framework will need to evolve in step with its expanded mandate.
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