The creation of FIA Global was announced in June 2013 when FIA and FIA Europe, then known as the Futures and Options Association, reached an agreement to combine their organizations under one global structure
Hong Kong Exchange (HKEx) will offer after-hours trading in yuan futures starting from April 7, Reuters reported. According to HKEx CEO Charles Li, “Last week people saw that the renminbi is not a one-way street…RMB volatility is here stay.”
The MF Global debacle was really a slow motion car crash. There were numerous red flags going back a year and the bottom line is that according to the initial bankruptcy filing, there was capital within MF Global Holdings to cover the shortfall in customer segregated funds but the appropriate regulatory authorities did not demand those assets
The Futures and Options Association and the Futures Industry Association today announced an agreement in principle to combine their two organizations under one global structure and brand called FIA Global.