JWG-IT: Buy side overstretched and under-prepared for MiFID II
By Flora McFarlane
According to a new JWG survey, 90% of buy-side firms believe they are at significant risk of non-compliance for the incoming January...
Carney condemns fragmentation of CCPs
By Flora McFarlane.
In his annual Mansion House speech on 20 June, Mark Carney argued against breaking up trading infrastructure, after the recent European Commission’s...
First rise in sell-side FICC revenues for five years
The first quarter of 2017 saw a recovery in dealer revenues in fixed income, currencies and commodities, rising 19% against Q1 2016 revenues according...
FCA warns on permissions needed for MiFID II
By Sobia Hamid.
Firms who need to change their regulatory permissions as a result of MiFID II, in effect from 3 January 2018, are advised...
ESMA consults on MiFIR trading obligation for derivatives
By Sobia Hamid.
The European Securities and Markets Authority (ESMA) has published today a consultation paper regarding its draft technical standards specifying the trading obligation for derivatives under...
Ancoa post-mortem: Spend was over four times greater than revenue
Ancoa, the troubled market surveillance firm that went into administration on 5 May 2017, had an average monthly spend of £450,000 in 2017, or...
AxeTrading receives €2 million investment from Illuminate Financial
AxeTrading, a provider of fixed income trading technology, has announced a strategic investment of €2 million from Illuminate Financial Management, a venture capital firm...
PBoC & HKMA: No investment quota for northbound Bond Connect trade
The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) have given their approval to the local market infrastructure providers to...
Granit Funds hires Erlandsson as head of fixed income from AP4
Granit Funds has recruited Ulf Erlandsson as its head of fixed income starting in August. He comes from the Fourth Swedish National Pension Fund (AP4) where...
Algomi: The two-pronged attack plan
Algomi has an idea almost universally agree to be good, yet it has struggled to get it adopted. It aggregates inventory data pre-trade, in...
