The volume of exchange traded currency futures and options traded in 2019 grew just 0.2% compared to the previous year, according to new data from the Futures Industry Association (FIA). In total, 3.9 billion currency futures and options were traded on exchanges last year. This means that in percentage terms, this segment – which accounted […]
The Association of Financial Markets in Europe (AFME), Futures Industry Association (FIA), International Capital Market Association (ICMA), International Swaps and Derivatives Association (ISDA) and International Securities Lending Association (ISLA) have published a new agreement intended to simplify reporting across different European Union regulatory regimes. The Master Regulatory Reporting Agreement (MRRA) gives market participants an option […]
FIA and FIA Tech have announced the successful implementation of execution source codes at CME Group. Over the last several months, the three entities have worked with market participants to make what they term “the necessary adjustments” to trading systems to support a new industry standard, which will allow for greater automation and efficiencies in […]
The Futures Industry Association (FIA) has issued a letter expressing concern that proposed cross-border clearing house rules do not create a comprehensive framework to facilitate access to foreign cleared markets by US customers. FIA’s comments were in response to two separate, but similar, rule proposals by the Commodity Futures Trading Commission (CFTC). The first, Exemption […]
Don Byron has joined the Futures Industry Association (FIA) as head of global industry operations and execution. In this role, he will be responsible for developing and implementing industry solutions relating to clearing operations, execution technology, cybersecurity and market structure issues and will be the principal FIA liaison with the divisions and committees representing these […]
The Futures Industry Association (FIA) has published a new position paper that recommends a number of changes to how exchange traded derivatives (ETDs) are reported under European regulation. The FIA says in the paper that it fully supports the efforts by regulatory authorities to make the derivatives markets more transparent and safe, adding that the […]
The Futures Industry Association (FIA) has welcomed news that the Basel Committee on Banking Supervision has agreed on a limited revision of the leverage ratio to allow margin received from a client to offset the exposure amount of client-cleared derivatives. The Committee met last week to discuss a range of policy issues, including the leverage […]
FIA’s president and CEO Walt Lukken announces the appointments of Jacqueline Mesa as chief operating officer and Emma Davey as chief commercial officer of the association. “I am excited about FIA’s leadership team at this important time in our industry’s development,” says Lukken. “These appointments will further solidify our management team and help us to better meet the needs of our global membership going forward.”Mesa has been senior vice president of FIA’s Global Policy group since 2013. In addition to her responsibilities on global advocacy, Mesa’s role as COO will involve advising and assisting the CEO on FIA’s day-to-day operations and advancing its global strategy. Before FIA, Mesa worked at the CFTC, including as director of International Affairs for seven years.
New data from the Futures Industry Association (FIA) shows a 20.2% increase in the number of futures and options contracts traded globally on exchanges in 2018.Futures volume rose 15.6% to 17.15 billion contracts traded, while options volume rose 26.8% to 13.13 billion contracts traded.”The rapid growth in derivatives trading on exchanges around the world highlights the value that these products continue to provide for end-users and investors,” says Walt Lukken, president and CEO of FIA.
The overall rate of growth was the highest since 2010, when rapid growth in Asia-Pacific and Latin America combined with a recovery in the North American interest-rate sector to produce a growth rate of 26.4%.
The Futures Industry Association (FIA) has filed a response to the Basel Committee on Banking Supervision urging the adoption of FIA’s suggested modification to the leverage ratio and to recognise the exposure-reducing nature of client collateral in order to align regulatory incentives.
Central clearing of derivatives was a key pillar of the G20 countries response to the post-2008 financial crisis reforms to reduce systemic risk in the financial system, however FIA argues that to date, the leverage ratio’s failure to recognise collateral has had a direct negative impact on the ability of banks to provide clearing services to customers.