The number of STORs reported in 2019 declined 8% from 2018, as the FCA says firms are taking more robust steps to tackle potentially harmful trading activity.
Investment management firms have been warned by the FCA that further adoption of technologies to facilitate trading presents various risks.
Sheldon Mills will step into Christopher Woolard’s shoes following his appointment as interim chief executive.
Alex Royle has spent the past year leading the supervision of trading venues in the UK for the FCA.
Analysing billions of message data points from the LSE, the FCA claims eliminating latency arbitrage would reduce the cost of liquidity for institutional investors by 17%.
Christopher Woolard will be interim chief executive of the FCA, with Andrew Bailey due to become governor of the Bank of England in March.
Despite Libor being due to cease at the end of 2021, UK authorities have set out a timeline for the shift to the Sonia benchmark throughout this year.
The Bank of England and the FCA are upping efforts in data, with plans to deploy new technologies for increased data and analytics abilities.
Andrew Bailey has been chief executive of the FCA since July 2016, and will take on the leadership role at the Bank of England in March next year.
New data discloses around 15% of UK investment firms have notified FCA of errors or omissions in transaction reporting under MiFID II.