Shaping the future of finance
There's a conference in Brussels over the last two days looking at moving towards a new supervisory architecture across Europe. This follows on from the de Larosière report in February and Charlie McCrrevy has announced a variety of changes in EU regulatory structures. In one speech, Mr. McCreevy reinforces the need for the 5% rule…
There's a conference in Brussels over the last two days looking at moving towards a new supervisory architecture across Europe. This follows on from the de Larosière report in February and Charlie McCrrevy has announced a variety of changes in EU regulatory structures. In one speech, Mr. McCreevy reinforces the need for the 5% rule…
I wondered recently about the potential of market abuse in new social media. This was inspired by an April Fool from the Insurance Post, which had the headline: "FSA proposes ban on social networking sites". "The Financial Services Authority has called for a ban of social networking sites such as Twitter and Facebook for all…
I wondered recently about the potential of market abuse in new social media. This was inspired by an April Fool from the Insurance Post, which had the headline: "FSA proposes ban on social networking sites". "The Financial Services Authority has called for a ban of social networking sites such as Twitter and Facebook for all…
It’s a line I’ve wanted to use in conversation for a long-time but never found the opportunity and now here it is: “look deep into my dark pools”. No, I haven’t made a mess or done something socially unacceptable. I’m just looking at the latest trading phenomena where buyers can place large trades into a…
It’s a line I’ve wanted to use in conversation for a long-time but never found the opportunity and now here it is: “look deep into my dark pools”. No, I haven’t made a mess or done something socially unacceptable. I’m just looking at the latest trading phenomena where buyers can place large trades into a…
As mentioned yesterday Andrew Silverman, Managing Director Electronic Trading for Morgan Stanley, chaired the second day session’s at TradeTech with a great dialogue about attracting liquidity between the new exchanges, the Multilateral Trading Facilities (MTFs) created by the Markets in Financial Instruments Directive (MiFID), and the incumbents. This led to a second discussion of the…
There were two more great discussions during TradeTech that compared and contrasted the incumbents with the new MTFs. The first focused upon attracting liquidity and what that means; the second on the likely view for the future of trading venues. The first discussion was a debate amongst a panel comprising: Hirander Misra, COO, Chi-X Europe;…
Just released at 14:00 EST / 19:00 GMT and cut and pasted from the Federal Reserve website: The Supervisory Capital Assessment Program: Design Summary (287 KB PDF) A white paper describing the process and methodologies employed by the federal banking supervisory agencies in their forward-looking capital assessment of large U.S. bank holding companies was published…
I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…
