FIA EVENTS » 9/8 - 9/9 FIA OIC Equity Options Conference » 9/17 - 9/19 FIA 4th Annual Asia Derivatives Conference in Tokyo » 11/10 - 11/12 FIA 24th Annual Futures & Options Expo » 3/11 - 3/14 FIA 34th Annual International Futures Industry Conference - Boca 2009 DIVISION EVENTS » 7/22 FIA Law & Compliance Speaker Program presents Duncan L. Niederauer » 8/7 FIA Chicago's 8th Annual Summer Outing » 9/10 4th Annual FIA Chicago Golf Outing » 9/22 FIA FSD Angelo Laspina Golf Outing View FI Calendar FIA Comments on FTC Market Manipulation Rulemaking On June 23, 2008, FIA along with the CME Group, NYMEX and MFA filed a joint comment letter with the Federal Trade Commission which addressed the FTC's implementation of section 811 of the Energy Independence and Security Act of 2007. Section 811 gives the FTC antimanipulation authority over wholesale purchases and sales in crude oil, gasoline and petroleum distillates. The FTC must adopt rules prohibiting certain misconduct to implement its authority. Our letter urged the FTC to respect CFTC exclusive jurisdiction over futures markets and to coordinate its anti-manipulation rules and enforcement efforts in the wholesale cash markets with those of the CFTC. Click here for full .pdf version of letter Click here for full .pdf version of Memorandum of Law Read more » Financial Associations Warn Congress to Avoid "Counterproductive" Changes to Commodity Futures Regulation Six trade associations have issued a joint letter warning members of Congress that “hastily enacted initiatives” to limit speculation in commodity futures markets could lead to several harmful consequences, including the “exodus” of speculators to other markets. The six associations, which represent investment companies and pension funds as well as banks and brokers, endorsed efforts to increase funding for the Commodity Futures Trading Commission, and urged Congress to recognize the “critical role” of speculation in the commodity markets. The six associations consist of the Financial Services Roundtable, the Futures Industry Association, the International Swaps and Derivatives Association, the Investment Company Association, the Managed Funds Association, and the Securities Industry and Financial Markets Association. Click here to download full .pdf version of the joint letter FIA-Supported Coalition Encouraged by Progress on Financial Services in U.S.-China Strategic Economic Dialogue WASHINGTON, D.C.–June 16, 2008–Engage China, a coalition of 10 financial services trade associations united in support of the goals of the U.S.-China Strategic Economic Dialogue, today released a statement commenting on the results of U.S.-China SED, which held its fourth meeting in Annapolis, Md. on June 17-18. The FIA is a member of the Engage China coalition. Read more » FIA Releases Statement on CFTC Energy Markets Oversight WASHINGTON, D.C.-June 10, 2008- The Futures Industry Association strongly supports the recent efforts of the Commodity Futures Trading Commission to bolster price transparency and enhance market surveillance in commodity and energy futures markets. Commodity and energy markets present an ever increasing regulatory challenge for the Commission, as trading platforms become more global and inter-linked through modern technology. As part of its ongoing leadership in this area, the Commission is conducting its first meeting on its Energy Markets Advisory Committee on June 10, 2008. FIA is submitting this short statement for the record of that meeting. Read more » ICAP's Michael Spencer Kicks Off IDX with Keynote Speech Michael Spencer, chief executive of ICAP, delivered the opening address of the FIA/FOA International Derivatives Expo in London. Click here for the Bloomberg video June 10 (Bloomberg) -- Michael Spencer, chief executive officer of ICAP Plc, speaks at a conference in London about turbulence in the financial markets, subprime-related losses and the outlook for trading in derivatives. Spencer also moderates a panel discussion featuring Hugh Freedberg, head of global derivatives of NYSE Euronext and chief executive officer of Liffe; Andreas Preuss, chief executive officer of Deutsche Boerse AG's Eurex AG unit; Rick Redding, managing director of CME Group Inc.'s products and services business; and Jeffrey Sprecher, chief executive officer of Intercontinental Exchange Inc. (Source: Bloomberg) eClips Everyday by 9AM EST   Thursday, July 03 Intercontinental Exchange best in trade  181  Ex-Refco chairman Philip Bennett may be sentenced for 315 years  157  Morgan energy czar topples over bad bets  142  ICE posts 18% growth despite scrutiny and slowdown  106  Exchanges up defenses against moves to curb speculation  100  Speculative Trading with Binary Options  98  House sets hearings on futures markets  90  Paulson calls for stronger regulators  77  FSA CFD rules trigger mixed reactions  66  Stevens offers energy blueprint  65  Oil markets are falling prey to the blame game  63  CBOE-CBOT settlement bogs down, along with IPO hopes  59  A boom in commodity funds, and each one has its quirks  55  $145 Oil, Do I Hear $150?  47  Fragile dollar may keep gold volatile through September  36    Wednesday, July 02 Time to regulate futures market  299  ICE CEO Sprecher responds to a recent BusinessWeek.com column on oil speculation  201  Wall Streeters say speculators double gas prices  163  Futures markets: Facing the heat  147  FSA clamps down on CFD trading  126  U.S. move on oil futures stirs resentment in U.K.  121  CME shares fall to a 2-year low  115  Part two: oil speculators vs supply and demand  111  For love of speculators  106  Tight credit driving shorts out of oil market - GS  91  Treasury’s Paulson to call for expansion of regulatory powers  87  When hedge funds bar the door  85  Eurex trading volume reaches 198 million contracts  70  ICE canola down following USDA acreage, stocks report  69  Gold futures climb to two-and-a-half-month high  63  Read More E-clips » E-clips users: Please note that these news stories are drawn from independent sources. The FIA does not verify or endorse any of these articles, and takes no responsibility for their contents. Please contact David Bruderle at the FIA if you have any questions or suggestions regarding this service. (202) 466-5460