EPTA News
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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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“Market liquidity second greatest threat to financial stability”
The Bank of England has brought to the attention of mainstream audiences a topic close to our hearts: the consequences a reduction in liquidity would have on the economy.
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Derivatives under MiFID II: Time for equal access
Verena Ross, Executive Director of ESMA, recently delivered a keynote speech to the ABA/Law Society Capital Markets Conference in London. Her speech focused on the importance of increasing transparency in MiFID II “in a manner that does not 'damage' but instead improves the functioning of the market,” making particular mention of “those instruments, such as derivatives, that are still far from being traded in a fully transparent market.”
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FIA EPTA’s response to ESMA's latest MiFID II Consultation Paper – Highlights
FIA EPTA welcomes the opportunity to provide input to ESMA on their draft Regulatory Technical Standards (RTS) on Level 2 of MiFID II / MiFIR.
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