FIA, joined by ISDA, has responded to the CFTC’s notice of intent to renew the collection of large trader reporting (LTR) data for physical commodity swaps. The associations reiterate and build on requests they have made in recent years for the CFTC to sunset the LTR rules for swaps, which were envisioned as a temporary measure while the CFTC stood up its comprehensive swap reporting framework under Dodd-Frank.
CONTINUE READINGFIA has responded to a discussion paper released by international standard setters that sets out eight "effective practices" for streamlining variation margin in centrally cleared markets. The discussion paper addresses the need for greater transparency and understanding of margin practices at central counterparties, particularly in light of recent episodes of market volatility triggered by the COVID crisis and Russia's invasion of Ukraine.
CONTINUE READINGFIA has responded to a discussion paper released by international standard setters that sets out eight "effective practices" for streamlining variation margin in centrally cleared markets. The discussion paper addresses the need for greater transparency and understanding of margin practices at central counterparties, particularly in light of recent episodes of market volatility triggered by the COVID crisis and Russia's invasion of Ukraine.
CONTINUE READINGTrading volume on swap execution facilities reached $1.31 trillion in average notional value per day during April 2024, the fourth highest level ever recorded. This was up 11.6% from the previous month and up 52.4% from the same month of the previous year.
CONTINUE READINGAn influential member of the US House of Representatives is pressing US banking regulators to address concerns expressed by derivatives end-users about the proposed increase in bank capital requirements that will increase the cost of clearing.
CONTINUE READINGMutual funds have dramatically increased their holdings of US Treasury futures over the last three years as they have adjusted to a higher interest rate environment and used the leverage embedded in futures to boost their returns, according to research by staffers at the Federal Reserve Board of Governors.
CONTINUE READINGAppointments, promotions, and other people news in the derivatives industry
CONTINUE READINGThis webinar will provide practical guidance on how to manage investigations involving complicated and proprietary technology, including algorithmic trading systems and AI.
CONTINUE READINGSince the Brexit vote in 2016, many surmised that the best days of London as a financial center were behind her. The financial engine of mainland Europe was now an outsider looking in and many predicted that Frankfurt, Paris or even New York would replace London’s role. There is no doubt that Brexit has been a net loser financially for the UK, but for a city nearly 2,000 years old, we must look to the positives in the long game. Last week I was in London visiting FIA members and I came away energized and optimistic about the current and future state of this great city.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 15.19 billion contracts in April. This was up 2.4% from March 2024 and up 89.9% from April 2023.
CONTINUE READING