Tag: ESMA
US vs Europe: The transatlantic divide for corporate bond traders
The DESK examines the different sizes, protocols and feedback traders can use on each side of the Atlantic to execute corporate bond orders.
While US...
Do regulators understand ‘best execution’ in corporate bond markets?
What is best execution in bond markets?
In fixed income a best execution process matches up trade metrics to the investment parameters.
“Trading is simply how...
IDX 2024: Divergence or convergence for EU and UK regulation?
Regulation is an ever-changing beast; panellists at this year’s International Derivative Expo conference provided updates on new mandates, progress being made and how implementation...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners and benefits.
Three firms have confirmed they will compete to be...
Viewpoint: Knowing the boundaries
Interview with Tim Whipman, head of business development at TransFICC
In February this year ESMA published its Opinion on the Trading Venue Perimeter, which provides...
Will the EC ban electronic bilateral bond trading?
The broadening definition of ‘multilateral’ is at risk of capturing all trading if traders do not speak out.
The European Securities and Markets Authority (ESMA)...
What banks’ primary success can tell us about their priorities in...
When looking at the revenues of investment banks in Q3 2021, using Greenwich Coalition data, we can see that secondary market trading in fixed...
ESMA moves to tighten up algo surveillance
Algo trading has grown increasingly complex over the last decade. In 2007, the Markets in Financial Instruments Directive (MiFID) permitted competition with the national...
Risk – Redemption shock
If funds are not given daily liquidity by the market, can they support daily redemptions for clients? Chris Hall reports.
When pandemic-fuelled panic hit the...
ESMA: Hundreds of bond funds suspended redemptions in record-breaking March sell-off
A new report by the European Securities and Markets Authority has laid out how systemic risk might be created through funds’ inability to process...
