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  • Johannah Ladd to leave FIA EPTA

    The European Principal Traders Association today announced that Johannah Ladd, the association’s Secretary General, has informed the FIA EPTA executive committee that she will leave her position on 1 January to explore other interests.

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  • High Frequency Trading: What’s the big deal?

    This is the question asked by Evangelos Benos, from the Bank of England’s Financial Markets Infrastructure Division, on the Bank’s staff blog (Bank Underground). As well as providing a useful summary of the evolution of HFT, the main focus of the blog is a discussion of the overall impact of HFT on market quality. His conclusion? That while there are “some aspects of HFT activity that are still contentious… the inescapable conclusion that so far emerges is that HFT has mostly had a positive impact on market functioning.”

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  • FIA, FIA PTG and FIA EPTA send letter to U.K. FCA on MiFID II third country application for DEA

    FIA, FIA PTG and FIA EPTA wrote to the UK Financial Conduct Authority (FCA) on 11 September 2015 setting out their views on third country firms engaged in dealing exclusively on own account or providing services/performing investment activities outside the EU to clients outside the EU when accessing European markets through direct membership of DEA under MiFID II.

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  • Further evidence that new rules could threaten market liquidity in Europe

    A preliminary research report by three professors at the Toulouse School of Economics[1] has raised concerns over the impact impending regulations could have on market liquidity.

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  • Further evidence that new rules could threaten market liquidity in Europe

    A preliminary research report by three professors at the Toulouse School of Economics[1] has raised concerns over the impact impending regulations could have on market liquidity.

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  • A vote of thanks as Remco Lenterman resigns as Chairman

    We're sad to say that Remco Lenterman is stepping down from his role as Chairman of FIA EPTA following his departure from IMC.

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  • FIA EPTA’s response to the review of Capital Requirements Regulation

    We believe the current blanket application of CRR to banks and investment firms, without distinguishing between firms by activity or size, has a disproportionate impact on proprietary trading firms that serve as Europe’s market makers.

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  • Trading in control

    The Netherlands Authority for the Financial Markets recently released a report on its expectations around the current and future use of internal controls for automated trading. This is an important theme for FIA EPTA and we are pleased to see that the AFM's report sets clear principles and shows the importance of industry best practice and the principles of proportionality.

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  • FIA EPTA’s response to the EC’s Green Paper on Building Capital Markets Union

    In the aftermath of a severe financial and economic crisis, Europe is still struggling to return to even keel, reduce unemployment and stimulate economic growth.

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  • Tackling the risks of algorithmic trading

    Since the introduction of automated trading, much has changed in the operation of our markets: how to improve market structure and implement safeguards has been a key topic of conversation for both market participants and regulators for some time. This is why the report by the Senior Supervisor’s Group (a group that consists mostly of Central Banks) on algorithmic and high frequency trading makes for curious reading.

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