Reading this on a mobile device? Try our optimized mobile version here:

February 5, 2013
Sign upForwardSearchAdvertise

  Top Stories 
  • Proposed EU swaps rules hit a hurdle in committee
    The European Parliament's Economic and Monetary Affairs Committee has voted down draft rules for over-the-counter derivatives. The outcome, which was expected, hinged on lawmakers' concerns that the rules would create an undue burden on businesses and would run counter to EU law. The vote is expected to further delay plans to establish mandatory clearing of more OTC derivatives. The full Parliament could take up the matter this week. If the measure fails there, too, policymakers will have to start over. Bloomberg Businessweek (2/4), Reuters (2/4), Financial Times (tiered subscription model) (2/4) LinkedInFacebookTwitterEmail this Story
  • SGX reportedly joins LSE in LCH.Clearnet stake talks
    Singapore Exchange has joined discussions started by London Stock Exchange Group to purchase a stake in LCH.Clearnet Group, sources say. SGX declined to comment on the subject. "As the Asian Gateway, SGX is open to partnerships and alliances for the benefit of shareholders, the company and our customers," spokeswoman Carolyn Lim wrote in an e-mail. "However, we do not comment on media reports or speculation." Bloomberg (2/4), Reuters (2/4), Financial Times (tiered subscription model) (2/5) LinkedInFacebookTwitterEmail this Story
Certainty in Seconds: Real-Time OTC Clearing
At CME Group, you don't have to wait 15 minutes to find out if your OTC trade has been accepted or rejected. Get certainty in seconds with secure, flexible, real-time OTC Trading at CME Group. You'll discover the unparalleled capital efficiencies that come from one clearing house for multiple asset classes. Click here to learn more.
  Regulatory Roundup 
  • CFTC to hold customer-protection discussion
    The Commodity Futures Trading Commission is set to host a discussion today on auditing standards, oversight of self-regulatory entities and futures brokers. This is the third such event in the past 12 months. Bloomberg (2/5) LinkedInFacebookTwitterEmail this Story
  • FSB brings confusion with stance on FX derivatives margin
    The Basel Committee on Banking Supervision and the Committee on Payment and Settlement Systems need to focus on foreign exchange derivatives and "set out strong provisions on variation margin," the Financial Stability Board says. But the request seems to run counter to the Working Group on Margining Requirements, which has delayed issuing guidelines, partly because of questions about whether they would be appropriate for forex swaps. The working group is run by the Basel Committee and the International Organization of Securities Commissions. (subscription required) (2/4) LinkedInFacebookTwitterEmail this Story
  Industry Developments 
  • Industry explores insurance for futures
    A study on the feasibility of adding an insurance component for the U.S. futures industry is being conducted by FIA, the Institute for Financial Markets, the National Futures Association and CME Group. The aim is to bolster safeguards for customers. The study is expected to be finished in the spring and will assess various models for such an insurance mechanism. Futures Industry (1/2013) LinkedInFacebookTwitterEmail this Story
  Electronic Trading News 
  • Options migrate from pit to screen
    December marked the first month where electronic trading of options on CME Globex outnumbered pit trades. Thomas Peterffy, CEO at Interactive Brokers Group, says electronic trading saves customers money by narrowing spreads, reducing commissions and adding transparency. It also lowers error rates, says Andy Nybo of TABB Group. (2/4) LinkedInFacebookTwitterEmail this Story
  Commodities and Managed Futures 
  FIA News 
  • FIA Division Membership Drive is Now Open for 2013
    The FIA Chicago, Futures Services, Information Technology and Law & Compliance Divisions have started their membership drives for 2013. Any employee of an FIA member firm is eligible to join a division for a small annual membership fee. Divisions give members the opportunity to discuss common issues, exchange ideas, give input to the FIA board, and network with peers. Join here. LinkedInFacebookTwitterEmail this Story
Learn more about FIA ->Conferences  |  Membership  |  Regulatory Activity  |  Principal Traders Group
FIA Asia  |  Volume Statistics  |  Press Center  |  IFM Courses/Data  |  Magazine

Failure changes for the better, success for the worse."
--Seneca the Younger,
Roman philosopher, statesman and playwright

LinkedInFacebookTwitterEmail this Story

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Account Executive:  Abiy Bekele (919) 931-5915
A powerful website for SmartBrief readers including:
 Recent FIA SmartBrief Issues:   Lead Editor:  Bridget Lux
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2013 SmartBrief, Inc.® Legal Information