Derivatives associations unite in call for exemptions under CSDR over buy-in concerns
Trade bodies say the current settlement discipline provisions under CSDR have not been drafted with derivatives transactions in mind and call for a revision.
Tag: FIA
Market makers association warns against loopholes in European ban on payment for order flow
The association said the European Commission’s definition of PFOF in its MiFID II amendments is vague and leaves potential loopholes for those trying to skirt the new rules.
FIA provides three recommendations to improve trading processes
The recommendations, developed with JDX Consulting, are based on insights gained from 25 organisations and over 60 people representing the listed derivatives marketplace.
Europe
Trade associations implore EU regulators to extend UK CCP equivalence as deadline looms
Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
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.
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.