FIA
FIA has released the first version of its CCP Tracker, a set of online interactive visualisations that provide insights into the financial resources and risk exposures of derivatives clearinghouses. The association observes that clearinghouses play a key role in ensuring the stability of financial markets by acting as a central counterparty and maintaining financial resources necessary to cover losses from a […]
FIA today announced that the Board of Directors has elected Nicholas Rustad of JP Morgan Securities as chair and Alicia Crighton of Goldman Sachs as vice chair of the FIA Board of Directors. Rustad had been serving as the Board’s vice chair and served as interim chair following the retirement of Citi’s Jerome Kemp earlier […]
The Futures Industry Association (FIA) has released new guidelines to assist market participants in fulfilling obligations set by UK and European regulators in relation to surveillance and market abuse requirements. Under the Market Abuse Regulation (MAR) and the Criminal Sanctions for Market Abuse Directive, market participants in Europe are subject to prescriptive requirements relating to […]
FIA and FIA PTG today submitted comments supporting the Commodity Futures Trading Commission’s (CFTC) Electronic Trading Risk Principles rule proposal. FIA says the CFTC proposal “reflects a carefully reasoned principles-based approach that builds on the industry’s efforts over the years to mitigate the risks of electronic trading”. In its statement, FIA strongly encourages the agency to prioritise […]
Four associations have published a briefing paper with recommendations to reform the European Union Benchmarks Regulation (BMR), aimed at maintaining the intended protections of the regulation but reducing the potential for uncertainty and disruption and preventing EU investors from being put at a competitive disadvantage versus non-EU entities. The four associations, the International Swaps and […]
FIA today released data for global futures and options trading in the first quarter of 2020 that shows the total number of contracts traded on derivatives exchanges worldwide rose to 11.41 billion, an all-time quarterly record and an increase of 43.2% over the first quarter of 2019. “The tremendous increase in trading volumes clearly demonstrates […]
FIA today announced the election of new directors to its board at the annual board of directors meeting. The board added Paul Anderson of Deutsche Bank, Samina Anwar of Cargill, Kari Larsen of Perkins Coie, John Murphy of Mizuho Securities USA, and Jamila Piracci of Roos Innovations. The Board also confirmed the following officers: chairman, Jerome Kemp, […]
The Commodity Futures Trading Commission (CFTC) has issued a raft of no-action letters granting market participants relief from several regulatory requirements. The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued the letters providing temporary, targeted relief to futures commission merchants (FCMs), introducing brokers, swap dealers, retail foreign exchange dealers, floor brokers, and other […]
FIA today released a study on trading and clearing trends in derivatives markets. The study assesses market sentiment towards several major market structure trends, including the impact of capital requirements, the adoption of central clearing, the transition away from Libor, and the implementation of margin requirements on uncleared derivatives. The study includes insights on the views […]
Greg Wood joined Standard Chartered on Monday as its new e-trading business manager for FICC, based in London. He reports to London-based executive director, Goncalo Lima. Wood most recently worked in Washington for the Futures Industry Association (FIA) as senior vice president of global industry operations and technology. Prior to FIA, he worked at Deutsche […]
