Walt L. Lukken, president and CEO, of the Futures Industry Association (FIA) has sent a letter to the SEC asking the regulator to exempt futures commission merchants (FCMs) from complying with proposed rules that would set new standards for covered clearing agencies for U.S. Treasury securities. “The SEC has proposed rules that would significantly expand… Read More >>
Cleared Derivatives Help Fight Climate Change: FIA
The Futures Industry Association (FIA) is connecting the dots between cleared derivatives markets and the effort to fight climate change via a new white paper, “How derivatives markets are helping the world fight climate change.” The paper spotlights products and trading platforms that are facilitating a transition to a low-carbon future. It also points to… Read More >>
CFTC, Industry Groups Push for Policing of Algo Traffic
Key industry groups are weighing in on the CFTC’s proposed rule governing automated trading, urging separate rule-making phases and pre-trade risk controls on all orders in a bid to prevent electronic trading markets that suffer from systems gone wild. In their letter to the CFTC, the Futures Industry Association (FIA), the FIA Principal Traders Group… Read More >>
Brexit Crisis Spurs U.S. Groups Into Action
It looks as if June 23, 2016 will be another day that will live in infamy. Some of the infamous ripples from the Brexit crisis are making their way across the pond to the United States. Key industry organizations, regulators and securities firms are taking initial actions, formulating strategies and watching with interest as the… Read More >>
Massad Favors Regs Hybrid for Cross-Border Uncleared Swaps
CFTC Chairman Timothy Massad says he’s leaning toward a hybrid approach to the problem of regulatory harmony for uncleared swaps transacted across multiple jurisdictions around the globe but he’s careful to note that his agency has not reached any conclusions. “We recognize the importance of having the uncleared margin rules of different jurisdictions be as… Read More >>