The announcement in October 2017 that the European Commission (EC) and US Commodity Futures Trading Commission (CFTC) had reached agreement on the mutual recognition of derivatives trading venues marked a big step forward in achieving cross-border harmonization between the European Union (EU) and US.
However, the agreement has spawned a number of important questions about the practical implications of how cross-border trading will work. This guide attempts to answer those questions. In particular, it analyzes the effect of mutual recognition on the order flow of trades executed on these venues, highlighting benefits and pointing to areas where further alignment would be welcome. The guide is also intended to help market participants navigate the numerous regulatory requirements related to trading on recognized venues by providing answers to commonly asked questions.
Documents (1) for A Practical Guide to Navigating Derivatives Trading on US/EU Recognized Trading Venues
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Climate Risk Scenario Analysis Phase 4
Climate scenario analysis has become a useful tool for banks and financial institutions to understand the short- and long-term financial risks associated with climate change, particularly in light of evolving regulations and an increased emphasis on reducing the impact of...
ISDA & EMTA Market Practice 45
ISDA & EMTA jointly published the attached updated market practice regarding the determination of barrier events for Brazilian Real non-deliverable continuously monitored barrier option transactions.
Episode 54: A Modernization Agenda
ISDA’s chair Amy Hong sets out priorities for the association in 2026 and the important role that technologies like tokenization and artificial intelligence will play in modernizing derivatives markets. Please view this page via Chrome to access the recording.