This is the question asked by Evangelos Benos, from the Bank of England’s Financial Markets Infrastructure Division, on the Bank’s staff blog (Bank Underground). As well as providing a useful summary of the evolution of HFT, the main focus of the blog is a discussion of the overall impact of HFT on market quality. His conclusion? That while there are “some aspects of HFT activity that are still contentious… the inescapable conclusion that so far emerges is that HFT has mostly had a positive impact on market functioning.”
CONTINUE READINGThe InfoNet MiFID II/R seminar on transparency focused on the final draft regulatory technical standards and the effect of the regulations on market participants and trading venues.
CONTINUE READINGOn Sept. 17, the International Organization of Securities Commissions published the final report of a task force it set up in 2013 to address the challenges of cross-border regulation.
CONTINUE READINGThe Singapore Exchange’s clearinghouse plans to strengthen its protections against a clearing member default by increasing its own contribution to the clearing fund as well as clearing member contributions.
CONTINUE READINGThe Securities and Exchange Commission on Sept. 10 issued an order lifting a stay of approval on the OCC’s plan to raise additional capital and a second order initiating a review of the approval.
CONTINUE READINGThe Commodity Futures Trading Commission has approved amended rules and a new interpretive notice filed by the National Futures Association intended to enhance protections for customers in the retail foreign exchange markets.
CONTINUE READINGWith banks looking for ways to reduce capital charges for their derivatives exposures, clearinghouses are expanding their services aimed at “compressing” swap positions, reducing the overall notional amount and the number of contracts by removing offsetting exposures.
CONTINUE READINGContix, a company that helps traders scan social media for market-moving information, has extended its service to commodity markets.
CONTINUE READINGOn Sept. 22, four high-level groups of international banking and market regulators released a progress report on their efforts to enhance the resilience, recovery planning and resolvability of central counterparties.
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