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Abuse indicates some deliberate act with the intention of manipulating the market. I do not think that HFT is deliberatly manipulating the market. Unintended consequences are the problem

I have to agree with the conclusions so far on HFT.I do not believe that HFT is a mechanism for market abuse just a technology that brings unintended consequences. The question is not to ban it but understand HFT and how it can be incorporated within the market without causing distress in other parts of the market. The search goes on

A really interesting deal! As the post trade operational areas are all in vogue and competition increases. This deal has potential to produce alternatives to fixed income post trade but also possibly accross asset classes. If so this could be a very major deal of change. Hopefully more detail will emerge in due course and a clearer evaluation can be made. I wonder why Euroclear sold? 

A really interesting deal! As the post trade operational areas are all in vogue and competition increases. This deal has potential to produce alternatives to fixed income post trade but also possibly accross asset classes. If so this could be a very major deal of change. Hopefully more detail will emerge in due course and a clearer evaluation can be made. I wonder why Euroclear sold? 

I have to agree that FS firms are really slow to move towards T+2 with buyside firms and retail stockbrokers almost totally unaware or with their heads in their hands or over their eyes. Matching is key and this has to be trade date and no later.At an equal point of importance is standard and accurate settlement instructions. Sadly the industry as a whole are not great at either despite OMGEO supplying very good solutions there is still far too much that goes through outside of any matching or SSI standards. SWIFT offers good alternatives and i suspect that more and more vendors will enter this space. Question is will it be before T+2 or afterwards as the industry moves into another settlment crisis?

I very much welcom this initiative by ICAP. Plus markets should have succeeded but with ICAP involved i now see a bright future. SMEs have not been running fast towards existing Stock Exchanges and this new set up could see important growth in the future economy as capital is raised and reinvested. Two market makers is not enough and i hope to see more joining as soon as possible. But its a good start

Its now important that spreads are attractive SMEs entry fees are as low as possible and post trade services are as good as they can be. If the costs are attractive and liquidity forthcoming with risks and operational efficiency managed i can not see why this can not be a real watershed moment in the City

Great news for the T2S project and sure SWIFT and Citi will work well.Whats needed is far more push of T2S so as many banks as possible follow Citi and hopefully they educate investors to the cost benefits of cross border investing

At last a regulator with some imagination. Although some of the ideas are a tad off beam the overall attempt is very welcoming. For far too long Banks have maintained legacy systems within a legacy market structure that acts as a barrier to new banks. We have the technology to lighten the load and attract new banks and increase competition. We need banks that specialise and offer choice. A move away from one stop shop banks has too be the way forward. These ideas should be put under a microscope and challenged but not left on the shelf because its too difficult a leap for people to get their heads round. To get out of the mess were in and create a brighter future we must be prepared to change and innovate. Well done Andy 

Gartner are spot on with this! However for financial services firms to engage they must first apreciate their problem and understand what they need to do to address it (A plan is good) and i think some imagination to utilise the available technology. As a guide think customer services and do not deviate from that thought

As long as they are regulated as CBs and there is control of the currency that fits within the existing economic mechanism i can no problem However the virtual nature of this curency could encourage the very worst parts of society that would use it for criminal ends