21 December 2014

65591

Christian VoigtFidessa - London

Slave to a label?

18 December 2014  |  1342 views  |  0  |  Recommends 0

ESMA has just published a report on high-frequency trading (HFT) activity in EU equity markets. It’s good to see the regulator producing an empirical study on such a hotly-debated and emotive topic. Taking a sample of European stocks, and applying two possible definitions of HFT, ESMA estimates that between 24% and 43% of value traded is done by H...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

Systematic Internaliser on a wire

03 December 2014  |  1479 views  |  0  |  Recommends 0

MiFID II imposes simple categories on a complex trading landscape, such as on- and off-exchange, or multi-lateral vs. bi-lateral. Obviously having some rules helps unravel complexity, but too many kills innovation. Walking this tightrope is not easy. Internalisation comes in two flavours. Either you have an order from a customer, agree a fixed pric...

TagsTrade executionRisk & regulation
More blog posts
Christian VoigtFidessa - London

Synchronising regulation

25 November 2014  |  1454 views  |  0  |  Recommends 0

US securities industry regulator FINRA recently implemented new time-stamping rules, a topic also on ESMA’s MiFID II task list. FINRA requires US firms to express time in milliseconds when reporting ...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

Refocusing on auctions

07 November 2014  |  1572 views  |  0  |  Recommends 0

BATS Chi-X Europe recently announced plans to introduce opening and closing auctions for ETFs, while the LSE plans to introduce an intraday auction for all SETS equities. Although these moves differ ...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

More rules, more problems?

31 October 2014  |  1531 views  |  0  |  Recommends 0

Fixed income, commodity and currency (FICC) markets are dominated by the big boys, the professional traders and investors. In this proverbial ‘champions league’ of markets, retailers are restricted to...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

Whatever happened to the surveillance beast?

03 October 2014  |  1623 views  |  1  |  Recommends 0

When Level 1 of the Market Abuse Directive (MAD) II was discussed two years ago there was talk of ESMA potentially establishing a massive centralised database for cross-market monitoring, aka the sur...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

What I did not do

19 September 2014  |  1591 views  |  1  |  Recommends 0

When I got into work this morning, I decided not to return a missed call, not to review a document, not to read a report, not to ask some colleagues for advice, not to fill in my timesheet for last mo...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

True intentions

11 September 2014  |  1182 views  |  0  |  Recommends 0

With the advances made in automated trading in recent years, regulators are having to work pretty hard to catch up with the markets. ESMA currently has two documents out for consultation on the Marke...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

Wanted: Home for OTC trading

04 September 2014  |  1475 views  |  0  |  Recommends 0

With MiFID II’s stated aim to push OTC trading (where appropriate) onto regulated platforms European market structure is undergoing considerable upheaval. As the first round of Level 2 consultation ha...

TagsTrade executionRisk & regulation
Christian VoigtFidessa - London

Data jigsaw

07 August 2014  |  2014 views  |  0  |  Recommends 0

Under the European Short Selling Regulation (SSR) uncovered short sales are banned and investment firms are required to track their net short positions and report them to relevant authorities/the publ...

TagsTrade executionRisk & regulation
Previous 1 | 2 | 3 | 4 |Next
 
1,272
Active bloggers
24,685
Members
8,344
Posts
11,687
Comments

Top bloggers: 30 days

Most viewed Engaging
Laurence Leyden

Responsible for SAP Business Development...

Robert Siciliano

Security analyst, published author, tele...

Paul Love

A payments professional, consultant, SME...

David Gibbard

Leader in the OmniChannel and Digital Ba...

Lu Zurawski

Bipolar electronic payments expert. Curi...

Who is commenting on these posts

Rozar Fid
Eric Lindeen
Sreeram Yegappan
Ketharaman Swaminathan
Simon Sanderson
enrico camerinelli
Alex Letts
Andrew Miller
Iain Montgomery
Lu Zurawski
Alexander Peschkoff
Chetan Ghadge