17 October 2017
Steve Grob

Fidessa Fragmentation Index

Steve Grob - Fidessa

137Posts 529,007Views 3Comments

Germany and the UK show the way

24 February 2016  |  6684 views  |  0

The pixels were barely dry on my last blog post on the regulatory impact of a potential Brexit on the City of London, when news broke that LSE Group was in talks with Deutsche Börse over a "merger of equals". The LSE has done a great job under Xavier's stewardship of positioning itself for the practical realities of the industry today, which are all predicated on the premise of being efficient rather than merely being effective. This extends right through the trading process, and so teaming up with its German competitor makes perfect sense. Between them they would have around 40% of total European equities trading volume and, more importantly, the precious liquidity and open interest of Eurex to pour into LCH.Clearnet and soon to be launched CurveGlobal.

So how does this play out against the broader UK and European discussion? I think it just proves the point that smart business folks will find ways to do sensible deals regardless of the obstacles politicians try and put in their way. From a business perspective, then, maybe the whole Brexit question is moot – good business is good business, regardless. 

TagsTrade executionRisk & regulationBrexit

Comments: (0)

Comment on this story (membership required)

Latest posts from Steve

Why you’ll never be ready for MiFID II

12 September 2017  |  4617 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

So that's nice and clear...

31 August 2017  |  5288 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

Relocation, Relocation, Relocation

14 June 2017  |  5660 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

MiFID II - the best thing that ever happened?

08 June 2017  |  8681 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

Be careful what you wish for

26 April 2017  |  5380 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulationGroupMiFID

Steve's profile

job title Director of Group Strategy
location London
member since 2009
Summary profile See full profile »
I am responsible for strategic development at Fidessa. This includes the development of new geographic markets and strategic partnerships and driving new industry initiatives. As part of this I head u...

Steve's expertise

Member since 2004
130 posts3 comments
What Steve reads

Who's commenting on Steve's posts