Post-trade controls, monitoring, and data collection are essential to mitigate the risk involved in the automation of exchange-traded futures, options, and centrally cleared derivatives. With the help of updated best practices, these controls can work well in conjunction with pre-trade controls to prevent credit events or unintended transactions. So says the Futures Industry Association (FIA)… Read More >>
Futures Industry Honors the Passing of John W. O’Brien, Sr.
There is sad news out of Chicago as officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) report that a former chairman and CEO of the firm, John W. O’Brien, Sr., 68, died Saturday, July 9, after a long illness. “We’re deeply saddened to lose Johnny, my dear friend, our long-time board… Read More >>
FIA Urges New Ops Standards Body for ETDs
The Futures Industry Association (FIA) wants to end post-trade bottlenecks through a new industry-governed standards body that will foster sweeping changes for processes, data, and technology via new standards intended to transform “pre-, at, and post-trade” operations. The objective is summed up in a new FIA report: “FIA wants to test the hypothesis that trade… Read More >>
Can Listed Derivatives Give Sustainability a Boost?
In case anyone thought otherwise, exchanges for derivative instruments do have a big role to play in facilitating sustainability, according to a joint report recently released by the World Federation of Exchanges (WFE) and the United Nations Sustainable Stock Exchanges Initiative (SSE). The joint report, “How Derivatives Exchanges can Promote Sustainable Development — An Action… Read More >>
Top Financial Services Groups Take On Climate Change
“Climate change presents both risks and opportunities for the financial services industry.” So says “Financing a U.S. Transition to a Sustainable Low-Carbon Economy,” a new report from the U.S. Climate Working Group. The Climate Working Group consists of financial services trade associations, including the American Bankers Association (ABA), the Financial Services Forum, the Bank Policy… Read More >>
FIA to Biden: Derivatives Can Combat Climate Change
After four long years of an administration that routinely dismissed and disparaged environmental issues, the pressing need to combat climate change finally has an ally. That ally is the new president. And in turn, President Biden has an ally in Walt Lukken, the president and chief executive officer of the Futures Industry Association (FIA), who… Read More >>
FIA Urges Reforms to ETD Reporting for EMIR
The Futures Industry of Association (FIA) wants European regulators to change the way exchange-traded derivatives (ETDs) are reported via the European Market Infrastructure Regulation (EMIR) framework. Specifically, like others in the industry, the FIA wants ETD reporting to switch from the current transaction-level regime to a position-level one. The FIA is arguing that this would… Read More >>
