Mostly… fixed income and cross product eTrading

November 16, 2006

Stating the bleeding obvious?

Filed under: 2015, etrading, Mifid — holky @ 7:54 pm

Something I haven’t articulated specifically, but just wondered if I should ….

The regulatory changes upon us are forcing all market participants to look at their trade workflows and business practices. 

Hence this is actually a not a bad point in time to be pitching a new venue or new type or way of trading – especially if it [helps] tick the boxes in satisfying the regulators that you’ve traded with all the care and attention and due diligence that you should

Of course with the increased regulatory burden of proving you’ve done things right, the appeal of trading electronically is being seen more favourably by sellside, buyside, and all in-between, including for institutional size and shaped business Surely a very interesting backdrop for the strategic alliances and new offerings coming out of the woodwork at this point?

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1 Comment »

  1. Holky, I totally agree.

    Beyond the establishment of rival “exchanges” and Liuquidity Hub style alliances, one micro development I see happening over the next 12-18 months is the establishment of strategic electronic alliances between banks & their “real” tier-1 counterparts.

    By this I don’t simply mean tiering of pricing engines (although this is still beyond the abilities of some banks), but something more profound & bespoke. If a bank provides a tailored service over the phone, why not do the same electronically. I’d see this manifesting itself in the form of executable axe positions (which will work both ways in time), the delivery of research, flow information and risk management tools.

    So not purely execution but the full spectrum of service.

    Comment by waratah — November 17, 2006 @ 8:56 am


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