Regulation

The European CCP had previously been operating under the UK’s Temporary Recognition Regime following the end of the UK and the EU’s transition period in 2020.

Outsourced trading, liquidity challenges, increased buy-side competition and retail participation are subjects high on our experts’ agenda in this review.

In its annual supervision of financial market infrastructures (FMI) report, the central bank warned that these entities are so crucial to stability that any disruption could have consequences that affect the entire financial system.  

As of the end of 2020, it was estimated that over $70 trillion of USD Libor exposures would remain outstanding beyond the cessation of remaining tenors after June next year.

Regulatory reform, payment for order flow, market transparency, UK/EU divergence and of course consolidated tape are the hot topics of 2023, according to our market experts.

In the wake of the SEC’s landmark market structure proposals this week, The TRADE sat down with John Ramsay, chief market policy officer at IEX Exchange, to discuss the latest changes.  

CEO of Ediphy, Chris Murphy, tells The TRADE where he sees credit developing in 2023, why he still has concerns around the consolidate tape, and just when we might finally see a CT in Europe.