Organised trading facility (OTF)
Industry nervy as Esma faces Mifid liquidity challenge
Discussion paper asks 139 questions on new transparency regime
Commodity firms need a coping strategy for Mifid II
Implementation will only increase uncertainty, argues EEX COO
OTF transparency waivers survive final Mifid debate
European disclosure regime for derivatives platforms diverges from that in US
Regulators clash on Mifid waivers
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
Gottex Brokers: The allure of the illiquid
As competition in standardised products gets increasingly fierce, brokers can either slug it out, or diversify into illiquid markets. Gottex Brokers is doing both, its chief executive, Raphaël Moreno, tells Duncan Wood
Algomi: Former UBS platform guru pushes aggregation
The matchmaker
OTC Derivatives Clearing Summit Europe: Lack of dealer involvement may hamper OTF move
A portion of the European derivatives market will eventually be required to trade on OTFs – but change will be hampered without bank involvement, panellists say
CFTC rules could force European funds to break the law
Breaking the rules
Risk interdealer rankings 2012: Brokers
Calm before the storm
Knight Capital losses spur focus on algo risk management
A dark Knight for algos
Neal Wolkoff: OTC market faces break-up blues
Break-up blues
GFI may buy an exchange, says Gooch
Interdealer broker GFI may follow in the footsteps of Icap and acquire an exchange, says GFI Group chief executive
Risk 25 firms of the future: Introduction
With over-the-counter derivatives markets in flux, picking winners and losers is a tough job. This is where Risk’s editorial team nails its colours to the mast. By Lukas Becker, Matt Cameron, Laurie Carver, Clive Davidson, Ramya Jaidev, Peter Madigan,…
Risk 25 firms of the future: GFI Group
Exchange ambitions
Risk 25 firms of the future: i-Swap
Asset-class specialists will struggle
Risk 25 firms of the future: Tradeweb
RFQ supporter hedges its bets
Risk 25 firms of the future: BGC Partners
Our customers are changing
House of Lords committee chair warns of Mifid liquidity costs
Transparency and own-capital ban for OTFs could interfere with “free flow” of market, says Lord Harrison, chair of a House of Lords committee that yesterday warned of fundamental flaws in Europe’s Mifid review
Mifid amendments lift barrier to brokers owning OTFs
Tweaks to Mifid text would allow owners of OTFs to engage in matched principal trading
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
Banks consider OTF aggregation in response to Mifid
Uncertainty over the future of single-dealer platforms under new European trading rules is prompting banks to consider price aggregation of OTC trading platforms
Dealer platforms weigh up life under Mifid
Weighing up life under Mifid