Futures Industry Association (Fia)
This Week: Europe’s Mifir review, FIA Tech, TRG Screen, UPI implementation, and more
A summary of the latest financial technology news.
One-fifth of CME clearing members hit by Ion hack
Advisory committee heard CFTC believed it could “play a more direct role” in cyber security practices
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
BlackRock calls for blockchain to fix futures processing snags
The asset manager wants the industry to move faster in adopting a “single source of truth” model.
People Moves: Baton, Broadridge, BNY Mellon, Eventus, and more
A look at some of the key "people moves" from this week, including Mike Johnson (pictured), who joins Broadridge as VP and global product manager of derivatives clearing.
Bank-backed futures utility criticized as too ambitious
Osttra’s Joanna Davies is urging industry leaders to look for “quick wins”.
Utility is success? Row brews over futures post-trade workflows
Futures market participants say standardizing trade allocations through a post-trade utility could prevent a repeat of the chaos seen in March 2020, when back-office systems fails resulted in thousands of trade breaks.
This Week: Nasdaq, Trading Technologies/Nodal, Finantix, GLMX/UnaVista
A summary of some of the past week’s financial technology news.
People Moves: Crux, Templum, Itiviti, CFTC
A look at some of the key "people moves" over the past week, including Asif Alam (pictured), who joins Crux Informatics.
CFTC Stresses Exchange Role in Crypto Derivatives Guidance
Agency will step in and act where required, but the lion’s share of responsibility falls to venues.
Bitcoin Futures Face Turbulent Times in the Windy City
Bitcoin conquered the world in 2017, but the performance of the futures looks like it will have to wait longer for take-off.
Indian Exchanges Ban Data, Index Use for Overseas Derivatives
Three Indian stock exchanges have said they will immediately terminate data licenses that allow non-Indian exchanges and trading platforms to create derivates from their securities and indexes.
CME Defends Bitcoin Futures Approach
Exchange says it will not look to increase volumes at the cost of additional risk as participants question listing process.
Esma Proposes CCP Margin Model Disclosures
European regulator takes step toward forcing clearinghouses to disclose exactly how they calculate risk and collateral requirements for trades.
Bitcoin Futures Surge on Launch, Trigger Circuit Breakers
Trading in the world’s first bitcoin futures began on Cboe Futures Exchange (CFE) last night, triggering market circuit breakers twice as investors piled on, causing the spot price of bitcoin to jump by more than $2,000 amid lingering concerns about the…
Power to the People: Will MiFID II Data Disaggregation Deliver on Cost Control Promises?
MiFID II’s data disaggregation requirements aim to reduce data costs by forcing marketplaces to unbundle datasets and sell consumers only the specific data they need. But in reality, this seemingly simple and cost-reducing idea could make buying and…
Lack of ESMA Data Fuels Energy Firms’ MiFID Woes
Stella Farrington reports on how a hold-up in data from ESMA is causing havoc for commodity firms that need to perform tests to determine whether they fall under the scope of MiFID II.
Waters Wavelength Podcast Episode 62: Shadow IT, CFTC’s Giancarlo at FIA Boca
The guys talk about Dan’s feature and Anthony’s trip to Florida for the industry’s biggest futures conference.
Clarient Partners with FIA Tech for CFTC Reporting
Centralized platform aims to simplify reporting process
FIA Principal Traders Recommend Axing Trade-Through
White paper suggests broad-based overhaul of Reg NMS
Saxo Appoints Ex-FOA CEO
Saxo Capital Markets UK has announced that Anthony Belchambers, former CEO of the Futures and Options Associations (FOA) will join the firm as a non-executive director.