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
I have never known ethics to be talked about so much as in the last year or two and we all know why. However, I was intrigued the other day when the Chartered Institute of Investment Services (CISI) (of which I am a founder member having been grandfathered in through my Stock Exchange membership) sent me an email stating that from next year all me...
24 October 2012 /regulation /wholesale
Since LIBOR broke into media frenzy territory the noise around ratings has gone pretty quiet. Although we have seen the appointment of Kevin Milne one of the City’s best assets by RVS the Singaporean headquartered Rate Validation Services benchmarking company and we have had Martin Wheatley the UKs regulatory great hope, if not quite yet saviour, ...
18 October 2012 /regulation
At a City forum yesterday a representative from the FSA presented the seventeen definitions behind the operational risk management principles, which financial services firms are expected to practice to prevent rogue trading and other fraudulent activities. I could not help noticing that the word ‘limit’ was used frugally. It was in fact only used o...
17 October 2012 /regulation
Iosif Itkin CEO at Exactpro
The TradTech Liquidity event was very good this year. It provides a good outlook on the state of the industry as well as perfect networking opportunities. Personally, I enjoyed the panel on How Smart Are Smart Order Routers? the most. The final question in this panel was if there is any revolutionary improvement that can happen in Smart Order Routi...
25 November 2009
There is a set of vendor solutions available already to provide EBBO. Technology development and competition will enable buy-side to obtain a reasonable benchmark for the best-execution. On the other hand, regulators should carefully assess demands for changing market data prices, as revenues from market data services are accompanied by the costs ...
01 November 2009
So, there are two matching engines claiming 100mks latency: Gatelab and MillenniumIT. This post is neither about arguing whether industry and especially buy-side really needs such enormous achievements (being an IT person I support further advances in the trading technology) or about any particular platform. It is just a reflection on the figure i...
13 October 2009
You would have though that trade reporting would be a simple thing with the regulatory organisation specifying what they wanted reported, by what medium, by whom and when but this is all too simplistic for today's markets. A discussion with one of the UK's top firm's compliance officers this week opened my eyes to the sheer lunacy of regulatory re...
17 September 2009 /wholesale
There are certainly plenty of positive noises coming out of SIBOS and a real feel that the worst of the financial and economic crisis is over but is this flag waving just a bit to soon and overly optimistic? Over the last six months we have seen many indicators that the economies of the USA, the EU, Japan and China are doing far better than expecte...
15 September 2009
Recent surveys appear to show that the buy side and investors are getting a real raw deal with MiFID. Wealth managers are feeling the pinch with so many new trading venues to connect to even to have a chance of achieving best execution. The cost of connecting to so many venues is high and being passed back to the client in within the charges. As S...
11 September 2009
I have written before about EMXCo the messaging system for Unitised Funds owned by Euroclear and how they continue to add new important institutions and intermediaries onto their system. It has just been announced that Legal & General (L & G) are making all their funds available over the network.This is really great news for the funds indu...
28 July 2009 /retail
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