Clearing the way forward

If you haven’t yet had the chance to do so, check out the July issue of FragINSIGHT. It provides a very good overview of interoperability of clearing services, whetting one’s appetite to find out why everyone is talking about interoperability in Europe. I also invite you to read Steve Grob’s blog in which he asks “Is it time for smart clearing?”. The European equity markets have undergone a period of rapid and unprecedented change and fragmentation over... Read More

Brussels falls short!

The global securities markets have experienced a couple of weeks of extreme volatility. Unfortunately, just as they did in 2008, panicked politicians have once again got involved. On August 12th a ban on short-selling was announced by the primary venues in Spain, Belgium, France and Italy with the intention of taming the markets. Short-selling occurs when traders borrow shares and sell them with the expectation that they can make money by buying them back when their value declines.... Read More

Cheaper flights?

At times I’ve got the impression that many of the European MTFs seem to compare themselves to cheap, no-frills airlines. The emergence of MTFs post-MiFID brought lower explicit costs, with incumbent providers like the LSE forced to lower their own rates to compete. In much the same way, the arrival of Ryanair and easyJet on the scene must have put pressure on British Airways to lower their own ticket prices. But in reality who is really benefiting from lower trading... Read More

ESMA consults on HFT

ESMA has recently published a consultation paper on its proposed guidelines for “highly automated trading” – HFT, in other words. The guidelines follow recent studies into HFT by the global regulator IOSCO (the International Organization of Securities Commissions) and the UK Treasury. ESMA’s previously stated goal for dealing with the latest ‘bogeyman’ HFT-type activities was to provide specific guidelines on a raft of practices. Reading the... Read More

Copyright © 2018 Fidessa group plc. All rights reserved.

The information contained within this website is provided for informational purposes only. Fidessa will use reasonable care to ensure that information is accurate at the time it is made available, and for the duration that it remains on the site. The information may be changed by Fidessa at any time without notice. We also reserve the right to close the website at any time. No representation or warranty, expressed or implied, is given on behalf of Fidessa or any of its respective directors, employees, agents, or advisers as to the accuracy or completeness of the information or opinions contained herein or its suitability for any purpose and, save in the case of fraud, all liability for direct, indirect, special, consequential or other loss or damages of whatever kind that may arise from use of the website is hereby excluded to the fullest extent permitted by law. Any decisions you make based on the information in this website are your sole responsibility and information on the website should not be relied upon in connection with any investment decision.

The copyright of this website belongs to Fidessa. All other intellectual property rights are reserved.

Reproduction or redistribution of this information is prohibited except with written permission from Fidessa.