It occurred to me recently that there has not been any news coverage of the 6th anniversary of MiFID, which was implemented in Europe on November 1st 2007. The pregnancy of MiFID took many many years: some claim as many as 14. Today we are awaiting a new member of the family: MiFID 2. The exact date of birth is yet to be confirmed, but Father Ferber is warming up the towels as we speak.
CONTINUE READINGESMA's response to FOA letter on ETD reporting
CONTINUE READINGThe definitions of both liquidity and liquidity provider are always an issue of much debate and often confusion. I've always believed the best definition of liquidity is the ability to transfer an asset into cash (or the other way around).
CONTINUE READINGThe Futures Industry Association (“FIA”) responds to the questions posed in the Commodity Futures Trading Commission’s (“CFTC’s”) Concept Release on Risk Control and System Safeguards for Automated Trading Environments published in the Federal Register on September 12, 2013.
CONTINUE READINGThe Futures Industry Association today submitted an extensive response to the Commodity Futures Trading Commission’s Concept Release on Risk Controls and System Safeguards for Automated Trading.
CONTINUE READINGHave you seen the video of the BMW driving down Germany’s Autobahn with no one at the controls? You might not think that a “hands free” driving experience is one you’d ever like to have yourself but it’s quite extraordinary to watch. As long as the route is programmed into the car, it can manoeuvre itself through the traffic.
CONTINUE READINGOne of the criticisms of High Frequency Trading is that they gain an unfair advantage by receiving data faster than others. This enables them to react to market events before anybody else and effectively ‘front-run’ the rest of the market.
CONTINUE READINGThe Futures Industry Association, the Futures and Options Association and FIA Asia are pleased to announce the completion of the final bylaw changes needed to form FIA Global, the confederation of associations that will enhance their combined global voice and reach.
CONTINUE READINGFinancial Transaction Tax: The Impacts and Arguments - A Literature Review
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