Tag: Financial Industry Regulatory Authority (FINRA)
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...
Credit Spotlight: How clear can pre-trade get?
Pre-trade transparency is a nirvana for over-the-counter markets, particularly corporate bond trading, which lack the publicly displayed prices of the exchange-traded market.
Unless it...
FINRA publishes annual regulatory oversight report
FINRA has published its Annual Regulatory Oversight Report, providing member firms with insights and observations to help strengthen their compliance programmes. New topics covered...
Jon Kroeper, EVP, quality of markets to leave FINRA
Jon Kroeper, executive vice president, quality of markets, is leaving the Financial Industry Regulatory Authority (FINRA).
Kroeper joined FINRA in 2007 and has been responsible...
SEC – controversially – moves to standardise best execution rules for...
The Securities and Exchange Commission (SEC) is proposing new rules under the Securities Exchange Act of 1934 relating to a broker-dealer’s duty of best...
Primary markets : Discretion is the better part of bond issuance
The US regulator has raised questions over bank control of new issuance automation – the question is whether banks behave with valour.
A recent report...
Tabb Group event: Concern regarding Reg ATS expansion
On 9 March the Tabb Group’s ‘Fixed Income Trading and Best Execution Summit’ heard that the Securities and Exchange Commission (SEC) concept release around...
SEC approves primary market database for US credit
Last week US market regulator the Securities and Exchange Commission (SEC) signed off the development of a single central source of new issue reference...
Not fighting the Fed on high yield flow
High yield bonds have seen electronic trading in the US increase, with liquidity enhanced by the Federal Reserve’s announcement on 9 April that it...
FINRA reporting change could support low-touch trading at size
A proposed pilot project for raising the size at which US bond trades must be reported, and delaying reporting for even larger trades, could...
