FIA’s quarterly review of ETD volume and open interest spotlights top trends in trading activity in the global listed derivatives markets over the course of 2025, with expert insights from Morgan Stanley's Erin Perzov and Reed Staub. The discussion covers such topics as the explosive growth in precious metals trading, institutional use of short-duration options, and the double-digit growth in open interest in government debt futures in Europe, Asia-Pacific, and the US.
CONTINUE READINGQube Research & Technologies (QRT) is a global investment manager, deploying a diverse range of investment strategies across geographies, asset classes and time frames.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 11.44 billion contracts in December. This increased 8.8% from November 2025 but decreased 12.8% from December 2024.
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CONTINUE READINGEurope’s push to enable settlement of DLT-based transactions in central bank money is moving from experimentation to implementation, with the European Central Bank launching a twin-track programme – Pontes and Appia – to bring tokenised settlement closer to reality. Speakers at FIA’s Brussels Forum earlier this month said the shift marks a significant step beyond recent exploratory trials, signalling growing confidence that distributed ledger technology can address long-standing inefficiencies in Europe’s collateral and settlement landscape.
CONTINUE READINGWorldwide 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 READINGThe FIA Law & Compliance Division’s Give-Up Subcommittee has published for public comment proposed changes to the International Uniform Brokerage Execution Services (“Give-Up”) Agreement. The revised agreement is intended to simplify the rate amendment process for Agreements. Changes are limited in scope to those that are rate amendment-related.
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.
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