Mapping the road ahead for the derivatives market
The Futures and Options Association’s (FOA) International Derivatives Expo, commonly known as IDX, was held last week in London, attracting over 40 exhibitors and delegates from 30 countries. The Cognito team was onsite there, working with clients and listening to latest news and updates from clearing houses, vendors, exchanges and regulators on the state of play of the derivatives markets.
The programme was packed with panels and discussions, including global exchange leaders such as Charlotte Crosswell, CEO, NASDAQ OMX NLX, Phupinder Gill, CEO, CME Group and Muthukrishnan Ramaswami, President, SGX, discussing issues such as how regulatory change in Europe impacting their markets and business, what are the opportunities for growth, and where volumes are heading. Other topics on the agenda included the role of HFT in equity and listed derivatives markets, the changing role of the execution desks, the US regulators approach to cross-border regulation, and the various clearing account models being offered by European CCPs, including their impact would be on market participants businesses.
With over 20 key media titles sending reporters, it’s certainly a place to engage with the media. This year publications such as Financial Times, FOW, Risk, FX Week, Bloomberg and Reuters were all there, reporting back on what was being said in plenaries, and what they heard on the exhibition floor. We met with quite a few press, hearing about what they are working on and arranging meetings with clients on site, helping them maximise their time there.
Supported in some capacity by all the major brokerage firms, clearing houses and global exchanges, IDX clearly remains a well-respected and indeed a productive platform for meaningful discussions to take place. With the FOA and its American cousin the Futures Industry Association (FIA) combining their organisations under a global structure, as recently announced, this can only enhance and bolster the industry’s ability to promote its views at a global level, where clearly some solidarity and cohesion is still needed, as Dodd-Frank and EMIR roll out over 2013.comments powered by Disqus