Under our radar, as it is in the pensions markets, but something very noteworthy occurred last week. The FSA attacked the outsourcing and Third Party Administration Markets by fining Liberata over a million dollars for failures in its systems and controls for managing and issuing pensions policies. Margaret Cole, Director of Enforcement at the FSA…
Today’s Financial Times has a report on algo trading, with the following line in the middle: "Last week Chi-X, an upstart platform majority-owned by Instinet Europe, marked its first anniversary by capturing almost 15 per cent of total trading in LSE-listed shares at one point during the day. A trade executed on its system takes…
Today’s Financial Times has a report on algo trading, with the following line in the middle: "Last week Chi-X, an upstart platform majority-owned by Instinet Europe, marked its first anniversary by capturing almost 15 per cent of total trading in LSE-listed shares at one point during the day. A trade executed on its system takes…
Today’s Financial Times has a report on algo trading, with the following line in the middle: "Last week Chi-X, an upstart platform majority-owned by Instinet Europe, marked its first anniversary by capturing almost 15 per cent of total trading in LSE-listed shares at one point during the day. A trade executed on its system takes…
Today’s Financial Times has a report on algo trading, with the following line in the middle: "Last week Chi-X, an upstart platform majority-owned by Instinet Europe, marked its first anniversary by capturing almost 15 per cent of total trading in LSE-listed shares at one point during the day. A trade executed on its system takes…
Today’s Financial Times has a report on algo trading, with the following line in the middle: "Last week Chi-X, an upstart platform majority-owned by Instinet Europe, marked its first anniversary by capturing almost 15 per cent of total trading in LSE-listed shares at one point during the day. A trade executed on its system takes…
In a shocking move to quell the issues of terrorism and money laundering in Europe, the European Commission is apparently drafting the Financial Transaction Transparency Directive (FTTD), which imposes draconian laws on all European banks to release financial data to the Commission on demand. This follows the subpoena impact of the US Government on SWIFT…
