On March 13, FIA President and CEO Walt Lukken outlined several issues currently facing the futures and cleared derivatives industry at the 43rd Annual FIA Boca conference.
The Futures Industry Association (FIA) announced the election of directors to its board at its annual meeting in Boca Raton, Fla. Fourteen directors were elected for a two-year term.
Intercontinental Exchange (ICE) plans to transfer trading in hundreds of energy futures contracts from London to the U.S. to avoid MiFID II rules, according to the Financial Times.
CloudQuant announced Tayloe Draughon has joined the management team as Senior Product Manager in the Product Development Group.
FIA launched the third annual Innovators Pavilion today; a showcase for fintech startups that are offering forward-thinking solutions for the global derivatives markets.

Correction: CME has struck up an agreement with BSO to provide CME Group’s clients and customers with market data, hosting and colocation tools.

A daily summary of exchange related news.
Today, in response to the Commodity Futures Trading Commission’s (CFTC) supplemental notice of proposed rulemaking regarding Regulation AT, FIA and the FIA Principal Traders Group (FIA PTG) submitted comments opposing overly prescriptive regulation of automated trading.
The annual International Futures Industry conference in Boca Raton, Fla. highlighted what the industry hopes to be a return of balance on the regulatory front. FIA President and CEO Walt Lukken, in his opening remarks, talked about how the pendulum had swung too far in the direction of proscriptive rules since the 2008 credit crisis thanks in part to the 22,000 separate Dodd-Frank Act rules, and that it was time for balance. Lukken said that the industry’s innovative muscles had atrophied due to the deluge of regulations and that it was time “to get back to the gym.”
The FIA announced the induction of 14 members into the FIA Futures Hall of Fame. They join 131 other honorees in the Hall of Fame, which was established in 2005 on the occasion of FIA’s 50th anniversary. The 14 new members were honored at an awards ceremony during the 42nd annual International Futures Industry Conference in Boca Raton, Fla.