Industry issues Archive

September 18, 2012

JonesTrading scalds US pricing structures

A white paper published by US agency brokerage JonesTrading has launched a scathing attack on the evolution of equity market structure, claiming new pricing models have eroded investor confidence over the past two decades. read more>

September 17, 2012

SEC fines NYSE for favouring prop trading data feed

The New York Stock Exchange (NYSE) has been charged with compliance failures which gave some customers an “improper head start” on trading information, the Securities and Exchange Commission (SEC) has revealed. read more>

September 12, 2012

GFMA sets principles for regulating financial benchmarks

The Global Financial Markets Association, a sell-side trade body, has proposed a series of guidelines for bolstering the governance of financial benchmarks. read more>

September 03, 2012

ESMA to hear from stakeholders on SME listings

A diverse group of investment and market structure experts will lobby Europe on creating an easier framework for SMEs to access funding through capital markets. read more>

August 30, 2012

UK ringfencing proposals must go further – IMA

UK ringfencing proposals must go further – IMA

Buy-side trade body the Investment Management Association has urged the UK government to include derivatives as part of proposed reforms that would ringfence retail banking from investment banking. read more>

August 29, 2012

Still fighting yesterday’s battles?

Pressure on the buy-side to cut costs and provide more visibility on how commissions are spent is greater than it's ever been. But meeting this challenge could be impossible without the proper unbundling of execution costs from research fees. read more>

August 22, 2012

Korean derivatives tax to hit HFT ‘first and foremost’

Korean derivatives tax to hit HFT ‘first and foremost’

Korea's new tax rules for financial transactions, while not intending to target high frequency trading, will nonetheless hit the practice hard, likely leading to a fall-off of activity in the country. read more>

August 22, 2012

Venue consolidation could improve US investor confidence

US market participants believe new regulation to reduce the fragmentation of equity markets would minimise the types of technology glitches that have occurred this year. read more>

August 03, 2012

UBS to pursue legal action over Facebook IPO

UBS will seek legal action against Nasdaq OMX after revealing a CHF 349 million (US$350 million) quarterly loss in its US equities business that was mainly driven by the botched Facebook IPO. read more>

August 01, 2012

HFT market makers raise costs for institutions - Pragma

The liquidity provided by high-frequency traders in highly liquid stocks may be costing institutional investors more than they think, according to new research from US-based trading technology firm Pragma. read more>