NBC News’ senior business correspondent Christine Romans interviewed Citigroup Chair John Dugan at FIA’s International Futures Industry Conference in Boca Raton on 11 March. Dugan shared his view on the impact of economic uncertainty, the current regulatory environment for banks and capital requirements.
CONTINUE READINGThe recent rise in vertical integration models, including those in which an entity operates as a clearinghouse and a futures commission market, was highlighted in a panel discussion on the changing face of clearing at FIA’s Boca conference on 11 March. While companies in the crypto world run multiple services under one roof, the futures market has depended on a system where trading, settlement and clearing and intermediation have been divided among independent entities. That began changing a few years ago.
CONTINUE READINGOpening remarks of Walt Lukken, President and CEO of FIA, at the FIA Boca conference
CONTINUE READINGDroit empowers institutions to make millions of decisions and comply with thousands of complex rules every day. Its ETD Reporting product delivers a quality assurance platform to provide a consistent approach to regulatory compliance. With complete insight into each decision made and the ability to trace the logic to the underlying regulatory source text, the product ensures clarity and accuracy in regulatory compliance.
CONTINUE READINGOpening remarks of Walt Lukken, President and CEO of FIA, at the International Futures Industry Conference in Boca Raton, Florida.
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs reached $346.8 billion in January, up 3.4% from the previous month and up 4.1% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 49 in January, up from 46 year ago but down from 53 five years ago.
CONTINUE READINGFIA has filed comments with the US Securities and Exchange Commission in response to CME Securities Clearing's application and proposed rules to clear cash and repo treasury transactions.
CONTINUE READINGAdvanced Micro Devices (AMD) is a provider of high-performance technology solutions headquartered in California with locations worldwide. The company’s product range includes AMD Solarflare Ethernet adapters, the financial services networking adapter; and AMD EPYC processors, powering derivative models, trading, and risk.
CONTINUE READINGBanks, broker-dealers, asset managers and other participants in the US Treasury market are scrambling to comply with a regulatory mandate to step up their use of central clearing.
CONTINUE READINGSenior executives at two of the largest exchanges – CME Group and Cboe Global Markets – say retail traders are a key part of their growth strategy in the Asia Pacific region.
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