Interested parties have now had time to digest the European Commission’s October MiFID 2/MiFIR proposals, and major questions have been raised by a wide range of people. Looking briefly at the main areas of debate:
David Morgan
trading and client connectivity, SunGard’s global trading business
How technology and markets are driving one another: notes from SunGard London City Day’s panel discussion
by David Morgan, Marketing Director, SunGard’s Global Trading business. Panel discussions can often go over the same old ground but at our London City Day I participated in one that, if it didn’t break the mould, at least broke new ground – and was fairly controversial!
ETFs 101: Three things investors must know to properly trade ETFs, by Molly Witlock
Exchange Traded Funds (ETFs) have exploded in popularity with both retail and institutional investors since they were first introduced back in 1993. There is a lot of education available on the advantages of using ETFs and how to best allocate assets with them. There is, however, very little education available on how to effectively trade [...]
Listed derivatives trading: Is your stomach strong enough? by David Morgan
Today’s futures commission merchants (FCMs) seem to be enjoying an almost permanent boom. March 2011 saw the highest volumes ever recorded across the world’s listed derivatives markets, excepting only the Flash Crash month of May 2010. So the longstanding growth trend is still in place, led by the recent surge in world commodity markets. And [...]
Implementing Effective Electronic Trading Risk Controls, by David Morgan
As the demand for automated and low-latency trading continues to grow, so does the need for real-time, high performance pre-trade and intra-day risk management. As part of its response, in January 2011, FIX Protocol Ltd. (FPL) published an initial set of guidelines recommending best practices for risk management in electronic trading. The guidelines are based [...]
Why regional brokers must pursue partnerships
The SunGard panel session at this week’s TradeTech conference addressed the thorny issue of how regional brokers can compete with their global counterparts in today’s securities market. Is it possible for an agile, domestically-focused broker to outmaneuver a global player? Or in an increasingly IT-dominated market, is it unrealistic to expect a small, local firm [...]
Awaiting the regulatory flood, by David Morgan
The MiFID II consultation period is closed and we now await the legislative proposals. What are the main implications for brokerage firms and their technology planning? It seems clear that ESMA (European Securities and Markets Authority) will impose greater convergence of policy than its predecessor, the Commission of European Securities Regulators. The European Commission believes [...]
