Community
A place to discuss MiFID
As the owner, you will also give up ownership if you leave this group.
Gary Wright Analyst at BISS Research
It looks like Clearing and Settlement in the Euro zone is finally moving towards consolidation after decades of trying. How much of this is directly due to MiFID is doubtful as many plans for consolidation had already been made but it's fair to say that there has probably been some acceleration because of the directive. It was always thought that...
16 April 2008
The news that BATS is opening in London can only be bad news for the London Stock Exchange as the post MiFID new order begins to bite. However, with the number of new trading venues already hitting the market, is there going to be enough business to go round to keep every venue afloat? We are entering a period of strife in the securities markets ...
15 April 2008
MiFID was implemented over 6 months ago and it's worth looking at its first impacts and questioning if the investors are actually better off than a year ago? The obvious change that is probably the sexy end of MiFID is the amount of new trading venues springing up. Some are already operational with others still to get off the ground, so it's possib...
08 April 2008
The news that the Deutsche Börse is moving Clearstream into a proposed new European consortium of clearing and settlement could be the trigger that reignites the possibility of a merger/take over between the Deutsche Börse and the London Stock Exchange (LSE). You may remember that this deal was first muted some years ago and was nearly completed b...
03 April 2008
For the last two years there has been no end of so called experts announcing how MiFID would totally change the securities market in Europe. Noticeably their message of gloom was modified as MiFID neared towards implementation and no clouds had been spotted to fulfil the MiFID soothsayers, scaremongering and trying to panic the market. After MiFID...
31 March 2008 /regulation
Retired Member
With thoughts switching from MiFID compliance to the post MiFID impact on markets, here is a brief summary of some research on the probable impact on smaller European equity markets. The traditional view is that with MiFID small national exchanges will cease to exist as they will be wiped out by the major exchanges/MTFs that MiFID facilitates. How...
28 January 2008 /wholesale
Okay, so you are probably reading this blog because of the title, so I had best explain what it is all about. In the olden days - so I understand - when the UK Monarch died, a courtier used to announce the "King is dead, long live the King". Presumably this was both to signal the passing of an era, as well as to express continuity of the...
30 November 2007
The FT has reported that the UK's only residential property stock exchange, the Property Investment Market, has been forced to suspend its business after failing to meet new MiFID regulations. They have failed to gain approval so far from the FSA as a Multilateral Trading Facility or MTF. This news is interesting (using the word in its MiFID sen...
22 November 2007 /retail
After nearly a decade of weather derivatives trading, the exchange traded weather risk products started picking up in volumes and popularity, but still there are a lots of interesting points to observe in OTC trading volume, liquidity, trading infrastructure etc.. As per the WRMA’s 2007 industry survey total number of contracts traded worldwide f...
20 November 2007 /regulation
With increased Algorithamic trading, latency is becoming such a differentiator and competitive advantage in a lot of markets, that firms are looking hard for any chance to make them a little faster than their competitors. Successful trade execution demands price discovery in milliseconds while the data still reflects the actual market. The time in...
19 November 2007
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