Trading & Execution Archive

A 'mini flash crash' that wiped out the value of a US stock has again suggested US market structure distress, days after a roundtable saw captains of the finance industry agree that regulators should be careful not to interfere with a well-functioning system. read more>

UK markets watchdog the Financial Conduct Authority has called on the industry to help regulators get MiFID II's technical standards "right first time" once the directive's text is finalised. read more>

Six years after implementation, Reg NMS's days may be numbered, with the Securities and Exchange Commission planning a wholesale review of US equity market structure and a respected analyst calling for market participants to make their views known. read more>

The International Swaps and Derivatives Association has launched a reporting protocol aimed at helping market participants comply with mandatory trade reporting rules. read more>

In a speech given to the Australian Shareholders Association by ASIC chairman Greg Medcraft last week, he made favourable comments about both dark pools and high-frequency trading (HFT), concluding that they had become the "new norm". read more>

An initiative bringing together UK buy-side firms to exchange perspectives on broker services, such as payments for research, led by consultancy Investit, will take place in coming weeks as key firms have signed on. read more>

The UK's financial markets regulator, the Financial Conduct Authority, has increased pressure on UK-based trading venues to better mitigate potential systemic risks through a new consultation paper. read more>

Institutional investors may gain easy access to a bonanza of equities execution data as the Americas buy-side execution working group of standards body FIX Protocol Limited examined whether to adapt its messaging protocol and execution venue reporting guidelines to support data on where orders were routed, but not filled. read more>

Market confidence has been dwindling since the 'flash crash,' but a new report shows the recent Twitter fiasco that sent markets on a free fall last month had relatively little impact on participants' outlook. read more>

Major execution venues active in electronic bond trading are committing to adopting open standardised protocols, said Sassan Danesh, managing partner, Etrading Software, and co-chair of message standards body FIX Protocol Limited (FPL) global fixed income committee. read more>