Derivatives Market Institute for Standards, Inc.—DMIST—is an industry-governed standards body focused on improving the efficiency, resiliency, competitiveness and innovativeness of the exchange-traded and cleared derivatives markets.
DMIST was formed as an outgrowth of industry conversations following high volume and volatility in February and March 2020, at the onset of the COVID-19 pandemic. DMIST is an industry-governed standards body focused on improving the efficiency, resiliency, competitiveness and innovativeness of the exchange-traded and cleared derivatives markets. The Futures Industry Association, Inc. (FIA) is the founder and sole statutory member of DMIST, and elects DMIST’s Executive Director. The day-to-day operations of DMIST are supported by FIA, through FIA staff.
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 sectors of and participants in the exchange traded and cleared derivatives industry. Standards published by DMIST will aim to improve the efficiency and resilience of the clearing ecosystem and will be technology- and vendor-agnostic.
Being Ambassadors of DMIST, Kynetix have the ability to designate an unlimited number of individuals within the company to serve as Ambassadors, participating in subject matter working groups that vet, analyse, and refine proposed standards.
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