FOA | Futures and Options Association

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Publications

In order to provide members with information on matters affecting their business, the FOA publishes a number of specialist, technical and general interest publications. The FOA also develops guidelines to help firms navigate their way through their regulatory obligations successfully.

Date	Publication
Mar 2013	FOA’s Special Report – Derivatives Clearing 2013 To request a complimentary copy email here This special report provides valuable insight into key developments in the clearing of derivatives globally, including assessments of the like impact of regulatory change on market infrastructures, intermediaries and end-users. Central clearing was quickly seen as a vital tool in the armoury of global regulators seeking to address the causes of the financial crisis five years ago. While it has taken some time for regulations to be formulated and agreed upon, the industry is now in the implementation phase of rules within Dodd-Frank and EMIR which are having a significant impact on firms’ operations. This publication seeks to help clarify some of these critical developments. For complimentary copies of the publication please email Geraldine at Witan Media. Derivatives Clearing 2013 is published by Witan Media on behalf of the FOA.
Sept 2012	InfoNet 2012 - The FCM Business - Time for a new pricing model?
May 2012	InfoNet 2012 - Pinchpoints in Technology How regulatory change is impacting business development and driving technology spend How to balance mandatory technology expense with normal commercial strategy What pressures does this put on the vendor/client relationship How are the changes effecting technology strategy pre and post trade Influx of new regulations (EMiR, MiFID/R, ESMA Guidelines, MAD) Uncertainty about number of provisions (particularly MiFID) and timing Uncertain powers of ESMA and supra-national regulators Changing technology Who is being protected and how (fragmentation of markets, market manipulation, market abuse, “fair and orderly market”) Co-ordination of industry views and approach
March 2012	InfoNet 2011 - Market Infrastructure in Europe How regulatory change is impacting business development and driving technology spend How to balance mandatory technology expense with normal commercial strategy What pressures does this put on the vendor/client relationship How are the changes effecting technology strategy pre and post trade Influx of new regulations (EMiR, MiFID/R, ESMA Guidelines, MAD) Uncertainty about number of provisions (particularly MiFID) and timing Uncertain powers of ESMA and supra-national regulators Changing technology Who is being protected and how (fragmentation of markets, marketmanipulation, market abuse, “fair and orderly market”) Co-ordination of industry views and approach
March 2012	FOA’s annual publication – Derivatives 2012 “Which way now?” *To request a complimentary copy email here* The fifteenth publication in the series, Derivatives 2012 provides a useful insight into major industry developments around the world and their impact on market intermediaries as well as their customers and others involved in derivatives markets. The derivatives industry continues to face a critical time in its development. Regulation remains a key issue that will shape the structure or marketing going forward. Meanwhile, the aftermath of the collapse of MF Global provides many lessons to the industry as it seeks to deliver more robust and efficient services. Derivatives 2012 provides an overview of key industry issues affecting both the sell-side and the buy-side, including derivatives and recovery, regulation, including impact of ESMA and Dodd-Frank, risk management, market consolidation, global patterns and trends in technology. Many challenges lie ahead but the futures and options industry is ready to meet those face on. For complimentary copies of the publication please email Geraldine at Witan Media. Derivatives 2012 is published by Witan Media on behalf of the Futures and Options Association.
September 2011	InfoNet 2011 - The Future of Commodity Derivatives Effect of regulatory change on markets Globalisation and opportunities Political and commercial pressures
September 2011	"The impact of speculative trading in commodity markets - a review of the evidence" An independent report by FTI Consulting
September 2011	InfoNet 2011 - Trading Issues in ETD Markets The future of high frequency trading Access, transparency and liquidity Regulatory development and its impact
June 2011	InfoNet 2011 - The FCM Business model in the evolving global environment Competition and differentiation Reacting to new customer demands Regulatory and technology issues
May 2011	InfoNet 2011 - Transforming the Derivatives Landscape Execution and trade capture in the new regulatory environment What are SEFs and OTFs Challenges and issues in achieving compliance
March 2011	Derivatives 2011 "Futures and Options: painting a new landscape" To request a complimentary copy e-mail Emma Davey at FOA The fourteenth publication in the series, Derivatives 2011 provides a useful insight into major industry developments around the world and their impact on market intermediaries as well as their customers and others involved in derivatives markets. The derivatives industry is facing a critical time in its development. The distinct silos of listed and OTC markets are beginning to integrate at least from a clearing point of view. The regulatory push towards central counterparty (CCP) clearing of OTC products is already seeing results, with clearing houses and sell-side institutions embracing the move. Execution is next on the list. This publication provides an overview of key industry issues affecting both the sell-side and the buy-side, including regulation, OTC clearing, trends in technology, exchange developments and new markets. Many challenges lie ahead but the futures and options industry is ready to meet those face on. For complimentary copies of the publication please email Emma at FOA. Derivatives 2011 is published by Newsdesk Communications Ltd on behalf of the Futures and Options Association.
March 2011	InfoNet - Issue 4 - New Products & Markets New Products - art, science or luck? What role do vendors play? The democratisation of HFT
November 2010	InfoNet - Issue 3 - Integrating OTC derivatives into the ETD environment Integrating OTC products into the ETD environment How firms and clearinghouses are adapting to the regulatory agenda OTC clearing - the third way
September 2010	InfoNet - Issue 2 - Confronting the technological arms race Confronting the technological arms race HFT - how far can it go? A new competitive landscape for Europe
July 2010	InfoNet - Issue 1 - Where next for the ETD markets? Where next for ETD markets Regulatory change: the impact on end-users? A look ahead to the FOA work agenda
April 2010	FIA Market Access Risk Management Recommendations The FIA has issued a report that recommends a number of principles for managing the risks in direct access to exchanges. This type of arrangement has become increasingly common among derivatives exchanges in many parts of the world. The report recommends that exchanges establish certain risk controls and apply those risk controls across all trading firms. This will ensure a level playing field in terms of the latency of trading and avoid creating competitive pressures among clearing firms and trading firms to reduce the latency of trading by applying fewer risk controls. The report was drafted by a working group consisting of representatives from derivatives exchanges, clearing firms and trading firms.
	Derivatives 2010: Building a Framework for the Future The thirteenth publication in the FOA series, Derivatives 2010, provides a valuable insight into the major industry developments and their impact for for market participants, their customers and others who have an interest in the derivatives industry. Given the ongoing programme of post-crisis repair, regulation and the drive for greater transparency and efficiency through clearing are key topics of this year's publication. Derivatives 2010 examines these issues and others from a range of perspectives and assess their impact on market participants including fund managers, corporates, intermediaries and proprietary traders. For copies please e-mail mailto:davey@foa.co.uk
2009	FOA Report on Activities 2008/2009 Oxera Report: A framework for assessing the impact of exchange-integrated clearing in listed derivatives

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