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Fidessa Fragmentation Index

Steve Grob - Fidessa - London | 01/05/2013 | 1178 views

A question of life and SEF

There has been a lot of debate around the role of SEFs in the global derivatives market. Some commentators are even claiming that the whole concept is dead and buried before the rules have even been finalised. But debating the viability or otherwise of SEFs is completely missing the point. The right question is how will standardised and custom der... Tags: Trade execution, Risk & regulation

Steve Grob - Fidessa - London | 08/04/2013 | 962 views

It's fragmentation, Jim, but not as we know it!

Interesting last week to see that GFI has applied to the CFTC to become a futures exchange. This follows on from ICAP’s purchase of Plus Markets (now ISDX) and so it surely can’t be too long before the other IDBs follow suit and execute their own regulatory hedges too. What they are worried about is that the regulatory regime around swa... Tags: Trade execution, Risk & regulation

Steve Grob - Fidessa - London | 27/02/2013 | 1715 views

No tax please, we're British, Italian, French...

The debate about Financial Transaction Taxes (FTTs) seems to roll on and on. Italy’s FTT is due to come into force this Friday and two democrats in the US want to introduce an American FTT. Even EU Tax Commissioner Algirdas Semeta says a global tax on financial transactions eventually should be a reality. All of this got me thinking about wh... Tags: Trade execution

Steve Grob - Fidessa - London | 07/02/2013 | 1349 views

The rising tide in equity trading - who will benefit?

Been reading quite a bit lately about how good old-fashioned equities are finding their way back into investors' favour. And this time it is more than just the indices that are on the move, volume traded is going up too. In many ways, volume or consideration is a more useful indicator of the general health of the trading industry and the US has rep... Tags: Trade execution

Steve Grob - Fidessa - London | 23/01/2013 | 2037 views

HFT - High-frequency Taxing

It's always seemed like the wrangling over regulation in Europe's capital markets was, in many ways, a proxy for the broader political debate raging across the region. No surprise, then, that on the eve of today's speech by David Cameron we saw that the European finance ministers have agreed the creation of a vanguard transaction tax bloc that will... Tags: Trade execution