FIA CEO Walt Lukken has called attention to potential weaknesses in US regulations governing the event contract market. Speaking at the opening of FIA Expo in Chicago, Lukken stressed the need for a robust regulatory framework to address consumer protection and clarify legal boundaries with the market rapidly expanding and new types of contracts being introduced. "We...need a frank discussion on the risk profile of these contracts and the customer protections afforded to consumers," Lukken said.

The cryptocurrency market has lost $1.2 trillion in value over the past six weeks amid concerns about tech valuations and US interest rates. The value of more than 18,000 coins tracked by CoinGecko is down 25% since Oct. 6, with Bitcoin down more than 28%.

Cboe Global Markets plans to launch Bitcoin and Ether continuous futures Dec. 15, making it the first US exchange to offer crypto derivatives similar to perpetual futures. The contracts, with a 10-year expiration, are designed for long-term exposure without rollovers and will be cash-settled with daily funding adjustments.

Indian exchanges trade 3.7 times as many options contracts as US exchanges, but the value of those contracts is only one-fifth of that seen in the US, according to a report from the National Stock Exchange of India. The notional value of a single S&P 500 Index options contract is more than 31 times greater than that of a Nifty 50 Index contract.

National Stock Exchange CEO Ashish Chauhan has called for regulators to standardize the process for counting derivatives volume. He pointed out that relying on notional-to-premium ratios gives a misleading impression of India's position in the global derivatives market. "We think we are the largest market in derivatives. We are by far not," Chauhan said. "The US, on premium terms, in stock options alone, does around five times more than India. Tesla alone sometimes does more than the entire India."

Developers are adapting perpetual swaps, a staple in crypto trading, for stocks and equity indices like the Nasdaq 100 and Tesla. These contracts let traders speculate on price movements around the clock without owning the underlying assets, using crypto such as USDC as collateral. Platforms like Hyperliquid and Vest Labs are drawing significant interest, offering continuous trading and bypassing traditional brokers, though the products are technically off-limits to US users due to regulatory barriers.

Expanding US sanctions targeting Chinese ports and refiners are disrupting the flow of Russian and Iranian oil to China, creating a glut and driving down prices. Analysts predict Chinese imports of seaborne Russian crude could drop by as much as two-thirds this month, and Iranian inflows could fall by as much as 30%.

ElectronX has raised $30 million in Series A funding to accelerate the rollout of its power derivatives market amid growing US electricity demand. The platform, set to launch next month, will offer financial products for specific locations and times of day, starting with the Electric Reliability Council of Texas.

Yttrium oxide prices have surged nearly 1,500% this year, reaching a record $126 per kilogram, due to export restrictions from China. The rare earth element is used in medical technologies, aerospace, ceramics and lasers.

Market risk-weighted assets hit record highs at major Chinese banks including China Construction Bank, Bank of China and Bank of Communications in the third quarter, driven by the Fundamental Review of the Trading Book, which China implemented at the start of the year. CCB reported $55.2 billion in market RWAs, up 14.4% from Q2, while BoC's increased 11.5% to $41.4 billion, and BoCom's surged 25.5% to $38 billion.

The Securities and Exchange Board of India reportedly plans to oppose Jane Street Group's request for additional data and documents in court, saying the request is a delaying tactic and could undermine an ongoing investigation. The move comes after Jane Street appealed a temporary securities-trading ban imposed in July over allegations of market manipulation.

European Central Bank Supervisory Board Chair Claudia Buch has called for more authority to override national restrictions on capital movement within the eurozone, which she says would enhance integration and competitiveness. "Looking more favorably" at waivers to overcome domestic hurdles "could be a useful step for policymakers," Buch says. "There are barriers to the development of pan-European business models that are not related to prudential regulation but to other rules around banking activ