Regulation Archive

April 24, 2014

DTCC backs T+2 for US market

The Depository Trust and Clearing Corporation has thrown its support behind initiatives to introduce a shortened settlement cycle in the US in order to help reduce credit and liquidity risk. read more>

April 23, 2014

Market making key for bank fixed income revenues

Market making key for bank fixed income revenues

Recent investment bank results have revealed a continued slump in fixed income business, but a new approach to market making could help drive future profitability, according to Stu Taylor, CEO of fixed income solutions provider Algomi. read more>

April 22, 2014

Caution urged in maker-taker pilot

Caution urged in maker-taker pilot

The elimination of maker-taker pricing for a subset of US equities may have adverse effects on the buy-side in the short term, but would benefit asset managers’ participation in the US equity market overall, participants have said as support grows in Washington for a pilot programme. read more>

April 17, 2014

Corporate bond market evolution to improve liquidity - IOSCO

Corporate bond markets are beginning to adapt to the post-crisis world, which will result in returning liquidity, according to research by the International Organization of Securities Commissions. read more>

April 16, 2014

Auctions spring into action as MiFID blocks dark pools

Auctions spring into action as MiFID blocks dark pools

The buy-side has welcomed London Stock Exchange plans to introduce an intra-day auction, but brokers warn algorithms and smart order routers will need time to adapt. read more>

April 16, 2014

MiFID enters level two following Parliament approval

The European Parliament passed updated rules for the Markets in Financial Instruments Directive, dubbed MiFID II, last night. read more>

April 14, 2014

Fixed income transparency “dangerous” - IMA

Efforts to introduce pre-trade price transparency in the fixed income market could have dangerous repercussions, according UK buy-side body the Investment Management Association (IMA). read more>

April 14, 2014

Tick size effects on IPOs unknown

New equity listings can provide much sought after alpha and boost the wider economy, but regulators and politicians must be careful when crafting policy to encourage IPOs, such as tailored tick size regimes. read more>

April 10, 2014

Nearly all non-cleared derivatives trades collateralised - ISDA

An International Swaps and Derivatives Association survey has found 90% of non-cleared OTC derivatives trades were subject to collateral agreements at the end of 2013, though collateral availability is decreasing. read more>

April 10, 2014

Phone recorder works with regulator to increase compliance

A US tech provider offering buy- and sell-side firms the ability to record phone calls has teamed up with regulators to push for transcription-based recording rules to improve compliance. read more>