FIA has responded to the UK Financial Conduct Authority and Bank of England’s consultation setting out draft questions and answers as guidance to support the implementation of revised UK EMIR reporting requirements that go live on 30 September 2024.
CONTINUE READINGPakistan Mercantile Exchange (PMEX) is the country’s first demutualized commodity futures exchange, licensed and regulated by the Securities and Exchange Commission of Pakistan.
CONTINUE READINGCboe Global Markets CEO Fred Tomczyk sat down with FIA President and CEO Walt Lukken at the FIA Boca conference to discuss acquisition strategies, growth in 0DTE trading, progress in Europe, and more.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 16.28 billion contracts in February, the second highest level ever recorded. This was down 2.7% from the record month of January 2024 but up 92.4% from February 2023.
CONTINUE READINGThis year's annual FIA conference in Boca Raton was one of the most successful ever. The program consisted of eight panels over three days as well as one-on-one discussions with prominent industry executives and thought leaders such as Ken Griffin, the chief executive of Citadel, and Daniel Yergin, a leading authority on energy, geopolitics and the global economy. Seven themes stood out from this year's event - industry outlook, treasury clearing, competition among exchanges, rise of retail, geopolitics and commodity supply chains, technology and cyber risk.
CONTINUE READINGSernova Financial is a provider of cloud-based post-trade services with a focus on derivatives clearing, collateral and integrated risk management. Its single platform supports the full front-to-back management of ETD, OTC derivatives, repo, sponsored repo and collateral, enabling clients to benefit from a seamless transition to a clearing member.
CONTINUE READINGFIA has filed comments with the Commodity Futures Trading Commission on its proposed rulemaking related to the protection of clearing member funds held by designated clearing organizations.
CONTINUE READINGFIA has filed comments with the Commodity Futures Trading Commission on proposed rulemaking related to the protection of clearing member funds held by designated clearing organizations. FIA’s letter supports the proposed codification of segregation and additional protections for clearing member property, many of which are in place today at major clearinghouses. However, the letter cautions that the rulemaking is far from sound footing for the CFTC to approve new direct clearing models, such as the leveraged disintermediated clearing model first sought by FTX.
CONTINUE READINGFIA supports the UK authorities’ proposed approach, allowing regulators to build on and complement operational resilience frameworks for firms and financial market infrastructures. FIA members also support the proposal for oversight of critical third parties to be as interoperable as reasonably practicable with similar existing and future regimes. Furthermore, FIA members support the proposals to promote regulatory and supervisory interoperability.
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