Multilateral trading facility (mtf)
After realising an overhaul of its Sef-equivalence framework was needed, the CFTC told European platforms not to apply. At the same time, the FCA was working through rules with UK venues
Buy-side firms claim dealers stand to benefit from the division of OTC markets into US and non-US persons; all-to-all trading cannot exist until the break is closed
If non-US firms are refusing to trade with US persons, it means “we have screwed up in the regulation somewhere,” says CFTC commissioner O’Malia. He hopes arrival of European rules will remove motive...
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More Multilateral trading facility (mtf) articles
Trading platforms claim allowing US persons to trade on MTFs could subject non-US clients to US rules
In this summer 2013 issue of The Journal of Financial Market Infrastructures we again have contributions that span all three floors of the metaphorical warehouse introduced half a year ago: retail payments on the ground floor, large-value payments one...
The Markets in Financial Instruments Directive creates a new type of trading venue for the execution of over-the-counter derivatives and, as things stand, dealers’ existing platforms do not qualify. Joe Rennison analyses the potential for a reprieve...
The Navesis-ETF platform will allow institutional traders, sell-side banks and market-makers to carry out intra-day and auction trading of exchange-traded funds
A Europe-wide trading tax is under discussion in Paris and Frankfurt, but has no chance of being approved by the UK, Icap’s chief executive Michael Spencer tells Duncan Wood
It has been 28 months since the Group of 20 nations called for standardised over-the-counter derivatives to be traded on exchanges or electronic platforms – but firms hoping to run an approved trading venue are still in the dark about the criteria they...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
Topics of interest
Hong Kong, 1st - 31st Dec 2014
Japan, 24th Apr 2014
Japan, 24th Apr 2014
USA, 30th Apr 2014
USA, 8th - 9th May 2014