Clearing firms invest $44 million in FIA Tech to support derivatives market innovation
Goldman Sachs, JP Morgan and UBS part of almost a dozen firms which took part in the strategic investment.
Tag: FIA
Fragmentation in derivatives market top concern post-Brexit for fifth of firms
A survey by FIA has found that 23% of firms see fragmentation of markets as the most concerning impact of Brexit on the derivatives market.
Brazil’s B3 overtakes CME Group in rankings for largest derivatives exchange
CME Group had previously been ranked second largest in terms of trading volume, losing first place to the National Stock Exchange of India last January.
CFTC supports work from home efforts with regulatory relief measures
FIA has welcomed the CFTC’s rapid response to the coronavirus pandemic, which includes no-action relief from certain regulatory requirements.
Industry continues push for standardised EMIR derivatives reporting
Reporting of derivatives transactions under EMIR has proved problematic for firms and regulators, as trade groups call for a standardised approach.
India’s NSE overtakes CME Group as largest derivatives exchange globally
The NSE of India traded 6 billion contracts in 2019, up 58% from the year prior, compared to 4.83 billion contracts traded at CME Group.
FIA appoints former Fidessa product manager to lead operations
Don Bryon formerly led products for Fidessa’s derivatives trading platform.
European regulators urged to remove transaction-level reporting for ETDs under EMIR
FIA has said firms should be required to submit position reports for ETDs under EMIR, rather than transaction-level details.
Deutsche Bank veteran appointed head of Europe at FIA
Bruce Savage was most recently global head of regulatory affairs and market structure, listed derivatives, and markets clearing at Deutsche Bank.
Futures Industry Association’s head of Europe steps down
Simon Pulseton Jones has resigned as head of Europe at FIA for a role outside of financial services.