Press Releases
For press inquiries, contact us at FIAPR@fia.org or +1 202.772.3032
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IDX 2024 opening remarks: The industry shines through adversity
Opening remarks of Walt Lukken, President and CEO of FIA, at the International Derivatives Expo (IDX) in London on 18 June 2024. As prepared for delivery.
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FIA and Acuiti release report on challenges and opportunities for the European listed derivatives markets
London and Washington, DC – FIA released a report on the challenges and opportunities facing the European listed derivatives markets on 18 June. The report is based on responses to a survey conducted recently by Acuiti, a market intelligence firm, that gauged industry sentiment regarding the key trends, opportunities and challenges facing the industry in Europe.
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DMIST publishes final standard for average pricing
The Average Pricing Standard calls for CCPs globally to adopt certain minimum standard average pricing functionality. Standardized functionality will help drive consistency and improve the current allocation and timing issues associated with average price order workflows.
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FIA backs international effort to promote "effective practices" for variation margin
FIA has responded to a discussion paper released by international standard setters that sets out eight "effective practices" for streamlining variation margin in centrally cleared markets. The discussion paper addresses the need for greater transparency and understanding of margin practices at central counterparties, particularly in light of recent episodes of market volatility triggered by the COVID crisis and Russia's invasion of Ukraine.
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FIA cautions CFTC on regulation of AI
FIA has urged the CFTC to take a "technology-neutral" approach and focus on "outcomes and use cases" rather than the technology itself. FIA also urged the CFTC to consider the applicability of its existing rules and regulations before presupposing that new, AI-specific regulations are needed.
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FIA calls on international regulators to continue progress on margin transparency
FIA has filed a letter with international standard-setting bodies urging further progress on efforts to increase the resilience of global derivatives markets in times of stress. The letter was submitted in response to a consultation on initial margin requirements in centrally cleared derivatives markets that was issued by Basel Committee on Banking Supervision (BCBS), the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).
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European T+1 Industry Task Force responds to UK report
FIA has joined several industry associations in welcoming a recent UK report on moving to T+1 settlement.
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FIA urges CFTC to fill gaps in customer protections before approving leveraged direct clearing
FIA has filed comments with the Commodity Futures Trading Commission on its proposed rulemaking related to the protection of clearing member funds held by designated clearing organizations.
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FIA announces new board members at Boca 2024
FIA today announced the election of three new directors at its annual meeting in Boca Raton, Florida: Susan Gaughan, Société Générale, Nelson Neale, CHS Hedging LLC, and Harris L. Kay, Davis Wright Tremaine LLP.
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FIA releases report on derivatives industry trends
The 14-page report, Derivatives Market Structure 2024: Focusing on Capital and Workflow Efficiency, provides a unique perspective into the key drivers for the global clearing business. The report is based on findings from research of market participants conducted jointly by FIA and Coalition Greenwich, a provider of strategic benchmarking, analytics and insights to the financial services industry.
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