FIA and SIFMA AMG Poll Finds Members Expect Further Consolidation in Derivatives Markets

In an FIA and SIFMA Asset Management Group flash poll conducted in January 2023, the associations found that - largely due to the regulatory environment - members expect further consolidation in the derivatives industry and a decrease in product offerings.

Based on the poll:

• 32% of respondents believe the current regulatory environment is worse for their firm;

• respondents believe the changes that could improve exchange-traded derivative market liquidity are reduction in regulatory cost and uncertainty (28%), reduction in capital requirements (27%), with a small number (13%) suggesting "improvements in the processing of trades"; and

• more than half of all respondents believe that the new SEC proposals, if adopted, would increase industry consolidation due to the resulting costs of implementation.

This poll was prepared for FIA's and SIFMA's Assets Managers Derivatives Forum 2023.