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 » 9/10 4th Annual FIA Chicago Golf Outing » 9/22 FIA FSD Angelo Laspina Golf Outing » 9/23 FIA IT Division presents Exchange Technology Leaders View FI Calendar FIA Urges House Republican Leader to Oppose Energy Speculation Bill FIA President John Damgard sent a letter to Representative John Boehner (R-Ohio) on July 29 expressing strong opposition to H.R. 6604, the Commodity Markets Transparency and Accountability Act of 2008. Damgard warned that the bill would cause “adverse consequences” for the futures industry and make hedging energy risk more uncertain and costly if it were to become law. Click here to download full .pdf version of letter. FIA Participates in Coalition to Protect Competitive Markets The Coalition to Protect Competitive Markets is a broad-based coalition from the financial services industry that is committed to educating lawmakers and the public about the real reasons oil and gas prices are rising and to set the record straight about the role that investors play in the commodity markets. Other members of the coalition include CME Group, Commodity Markets Council, The Financial Services Roundtable, IntercontinentalExchange, International Swaps and Derivatives Association, Managed Funds Association, The New York Mercantile Exchange, and Securities Industry and Financial Markets Association. Visit the Coalition’s web site at: http://whyaregaspriceshigh.org/about.htm FIA Helps Defeat S. 3268, the "Stop Excessive Energy Speculation Act of 2008" The FIA joined with four other financial services trade associations in urging the Senate to oppose S. 3268, the "Stop Excessive Energy Speculation Act of 2008." In a letter sent to members of the Senate on July 25, just ahead of an important vote, the five groups said the bill would restrict investment in energy futures, make hedging more expensive, and force trading operations overseas. The bill, which was introduced by Senate Majority Leader Harry Reid, D-Nev., on July 15 in response to the surge in energy prices, would require the CFTC to tighten position limits on energy futures, impose reporting requirements on foreign futures exchanges, create a new definition of “legitimate” hedging transactions, and eliminate "excessive" speculation in energy markets. During the subsequent vote on July 25, the Senate Democratic leadership was unable to win enough votes to proceed with the bill, and it was set aside until after the summer recess. Click here to download full .pdf version of letter Bloomberg TV: FIA President John Damgard Discusses Oil Speculation on Thursday's edition of Money & Politics Watch now FIA Statement on S. 3268, the Stop Excessive Energy Speculation Act of 2008 Washington, D.C.-July 17, 2008-The Futures Industry Association today released the following statement expressing its opposition to S. 3268, the bill titled "Stop Excessive Energy Speculation Act" that is now pending in the U.S. Senate. The Futures Industry Association agrees with the judgment adopted in recent congressional testimony by Federal Reserve Chairman Ben Bernanke: speculation is not the cause of high energy prices. Many Americans are suffering from the increased cost of energy. A comprehensive national energy policy is essential to reduce that suffering. Read more » eClips Everyday by 9AM EST   Monday, September 08 London halts trading after shares surge on US bailout  102  CME-Nymex merger challenges regulators  86  Wall Street Trading Gets Zero Value From Lehman, Merrill Owners  56  Goldman Won't Escape the Pain As Trading Volume Tumbles  40  CME Group seeks changes to CBOT wheat contract  32  Senior hires boost StanChart derivatives team  29  NYSE Euronext draws battle lines over MTFs  26  Energy and commodities prices continue to cause pain  25  Nasdaq OMX Is Ready to Go  20  To Improve Convergence Wheat Contracts May Change  20  Hedge Funds Get Rattled As Investors Seek Exits  18  Malaysia says derivative trades halted over glitches  16  CME Issues Wheat Convergence Plan, Eyes More Delivery Points  0  India May Resume Trading in Soybean Oil, Rubber  0  Clearing CDS On-Exchange Will Help Return Of Liquidity  0    Friday, September 05 Energy chief backs futures market data  167  CME seals second Asian deal in a week  154  Clearing houses could transform CDS risk management  116  Citi Taps Merrill Director For Its Investment Bank  69  CBOE unlikely to go public this year - CEO  66  Big Hedge Fund Atticus Denies Rumors It Is Liquidating  60  London Metal Exchange expands into minor metals  59  UBS Fills Fixed-Income Gap  52  BATS, Direct Edge jockey at U.S. equity well  51  Magic, Mumbo-Jumbo Were Used to Sell Muniland Swaps: Joe Mysak  46  London Metal Exchange Will Trade Molybdenum, Cobalt  43  India proposes raising investment cap in bourses  32  ECB moves to cut lending risk  30    Thursday, September 04 NYSE Liffe recruits for compliance  222  Failed energy trader SemGroup owes Fortis $304 mln  173  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 Will Acworth at the FIA if you have any questions or suggestions regarding this service. (202) 466-5460