NEX Optimisation has established a new think tank to focus on regulatory and market structure issues and has appointed Kay Swinburne MEP to chair the group.
Swinburne will work alongside senior leaders across NEX Group to publish white papers and host events for the wider market to debate key issues.
The think tank - known as NEX Reg - will identify emerging issues, explore implications with market participants and generate dialogue between the industry and regulators.
Jenny Knott, CEO of NEX Optimisation, said the launch of NEX Reg with Swinburne is an important step for NEX Group.
“Regulation has and will continue to play a critical role in the capital markets ecosystem and the accompanying compliance and technological issues are immense,” she explained.
Earlier this week, Swinburne delivered a keynote speech to delegates at The TRADE’s MiFID II pop-up event in London and warned banks against using the systematic internaliser regime to create networks to avoid certain rules.
“It’s disappointing with less than a year to go, to be told how some market players are seeking ways around the rules, seemingly using grey areas to avoid giving investors the best price,” she said.
NEX Reg’s first event - on how technology is changing market structure and regulation - is taking place today and attendees include buy- and sell-side, market infrastructure and trade associations.