Awaiting the regulatory flood
The MiFID II consultation period is closed and we now await the legislative proposals. What are the main implications for brokerage firms and their technology planning?
View ArticleListed derivatives trading: Is your stomach strong enough?
Today’s futures commission merchants (FCMs) seem to be enjoying an almost permanent boom. March 2011 saw the highest volumes ever recorded across the world’s listed derivatives markets, excepting only...
View ArticleMaking sense of MiFID 2
Interested parties have now had time to digest the European Commission’s October MiFID 2/MiFIR proposals, and major questions have been raised by a wide range of people. Looking briefly at the main...
View ArticleRegulatory spotlight: ESMA guidelines on automated trading
While discussions about the final contents of MiFID 2 seem set to continue for some while yet, the European Securities and Markets Authority has anticipated some important MiFID 2 issues in a set of...
View ArticleCapital markets regulation: Time for a rethink?
The noise created by the flood of new regulations proposed for the global capital markets, plus the resulting storm of debate, continues to grow louder. I’ve been participating as a technology supplier...
View ArticleHow real-time can risk management be?
The regulatory push towards real-time trading risk management was addressed in a panel session at the 2012 SunGard Industry Seminar in London. The discussion pulled together of a lot of useful...
View ArticleThe State of Listed Derivatives [UPDATE]
DECEMBER 2012 UPDATE: 2012 has seen the multi-year boom in listed derivatives trading suffer an abrupt reversal, with a 10%+ decline in year-on-year volumes. The boom had seemed to be indestructible,...
View ArticleWhy should brokers focus on total cost of ownership?
For smaller European broking firms, particularly those engaged in regional business, the implementation and management of technology and connectivity across multiple trading venues post-MiFID is...
View ArticleEuropean Equity Trading: Research and Regulation Collide
Tabb Group’s new report, “European Equity Trading 2012/2013: Changing the Rules of Engagement,” highlights some issues that we must hope politicians will note during their review of the MiFID...
View ArticleA European Consolidated Tape – How Much Longer Must We Wait?
This blog post was originally published on TabbFORUM. European equity brokers face a number of challenges during the current ‘interim’ between the original MiFID Directive of 2007 and its MiFID 2...
View ArticleThe Need for Better Pre-Trade Controls
Regulators and exchanges continue to scratch their heads over how to protect financial markets from the dangers that are inherent in automated trading. The potential exposure to market distortions and...
View ArticleAlgorithmic Trading – The Importance of Clear Definitions
A version of this blog post originally appeared in TabbFORUM's QuantFORUM. When it comes to the vexed issue of what algorithmic trading really is, definitions often get blurred in heated discussions of...
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