Cboe Digital Selected As DMIST Ambassador By FIA

Cboe Digital is pleased to announce it has joined the Derivatives Market Institute for Standards, Inc. (DMIST) as an Ambassador. Supported by the Futures Industry Association (FIA), DMIST is an industry-governed standards body focused on improving the efficiency, resiliency, competitiveness and innovativeness of the exchange-traded and cleared derivatives markets. Standards published by DMIST aim to improve the efficiency and resilience of the clearing ecosystem.

As a DMIST Ambassador, Cboe Digital's team of subject matter experts will participate in working groups for developing and vetting proposed industry standards.  DMIST provides a consensus and collaboration framework for defining, adopting, housing and overseeing common behaviors, workflows and processes in the trade and clearing lifecycle for the benefit of all participants in the exchange traded and clearing ecosystem. 

"As a crypto native exchange built within the guidelines of the U.S. regulatory framework, we sit in a unique position to support the development of standards for traditional and alternative asset classes," said John Palmer, President of Cboe Digital.  "We look forward to working with our fellow DMIST colleagues to define industry best practices to improve trading and clearing processes and promote transparent and efficient markets."

"Cboe Digital's innovative approach to clearing of digital assets is a welcome addition to the Sponsors and Ambassadors of the DMIST initiative," said Don Byron, Senior Vice President at FIA.