Videos
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Walt Lukken on the health of the clearing ecosystem
Walt Lukken delivered a State of the Union address to the FIA Asia Derivatives Conference 2015, touching on key issues including consolidation and lack of diversity of clearing members, the changing business model for clearing caused by regulatory costs and Basel III capital requirements, and potential fragmentation of global markets due to the lack of cross-border regulatory coordination.
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FIA PTG responds to CFTC’s proposed automated trading rule
Washington, D.C.—The FIA Principal Traders Group released a statement following the CFTC’s open meeting today to discuss the proposed rule on automated trading.
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High Frequency Trading: What’s the big deal?
This is the question asked by Evangelos Benos, from the Bank of England’s Financial Markets Infrastructure Division, on the Bank’s staff blog (Bank Underground). As well as providing a useful summary of the evolution of HFT, the main focus of the blog is a discussion of the overall impact of HFT on market quality. His conclusion? That while there are “some aspects of HFT activity that are still contentious… the inescapable conclusion that so far emerges is that HFT has mostly had a positive impact on market functioning.”
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FIA merges into single organization
Chicago—FIA announced today that official documents have been signed executing the merger of FIA, FIA Europe, FIA Asia into a single organization. The merger into one FIA will take effect on January 4, 2016.
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FIA Operations Americas releases guide to fee administration
FIA Operations Americas has published a guide to the administration of exchange and clearing transaction fees charged by U.S. futures exchanges.
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FIA issues guidance on EMIR reporting
The FIA Reporting Working group has pulled together some guidance on how to populate fields 33-40 and 45-46 (Table 2 Common data) for the EMIR reporting regime following the implementation of the Level 2 validation process that went live on 31 October 2015.
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FIA PTG Quick Byte: previewing the CFTC’s rules on automated trading
In two sets of remarks this week, CFTC Chairman Tim Massad said that the Commission will likely release its proposed rules on automated trading in November.
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FIA PTG Responds to Policy Recommendations in Joint Staff Report on the U.S. Treasury Market on October 15, 2014
On the anniversary of the Treasury market events of October 15, 2014, the FIA Principal Traders Group released a position paper detailing policy recommendations in response to the Joint Staff Report on the U.S. Treasury Market.
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FIA PTG Quick Byte: fear of the unknown
In the New York Times’ Upshot yesterday, Nathanial Popper points out that if you analyze markets and talk to investors and academics, high frequency trading is not the problem that headlines would lead you to believe.
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