Posted on December 10th, 2009 by dan barnes
Word has it – from respectable sources – that Michel Barnier, the incoming Internal Markets Commissioner, thinks Stock Exchanges should be part of the national infrastructure. Hmm. In some eyes, an exchange should assist with the creation of an orderly market. You can certainly put a case for MiFID creating a disorderly market. Outgoing Commissioner Charlie [...]
Filed under: Exchanges, MiFID, regulation, Securities & Capital Markets | 182 Comments »
Posted on October 1st, 2009 by dan barnes
The announcement that the London Stock Exchange is in talks to buy Turquoise signals the death of the Bourse. Tied to the Exchange’s departure from the Federation of European Exchanges, it suggests a seismic shift in strategy. FESE has been campaigning for a level playing field of regulation to be run across exchanges, multi-lateral trading [...]
Filed under: Exchanges, Technology | 178 Comments »
Posted on April 8th, 2008 by tom groenfeldt
In the continuing drive to stay ahead of the markets and technology, it’s hard to remember what the front office of financial services looked like 20 years ago, never mind the back office infrastructure. In Plumbers and Visionaries, Peter Norman writes the history of securities settlement and Europe’s financial markets, a project sponsored by [...]
Filed under: Corporate Banking, Exchanges, Technology | Comments Off
Posted on April 7th, 2008 by tom groenfeldt
In the US, the futures exchanges in Chicago and New York have their own regulator…the Commodity Futures Trading Commission. And despite the fact they have moved into financial instruments in a big way that dwarfs pork bellies, they are beyond the purview of the SEC. In Congress, they fall under agriculture committees, and you can [...]
Filed under: Exchanges, Technology | 10 Comments »
Posted on March 19th, 2008 by sherree decovny
Despite the gloom and doom, the beat goes on this side of the pond. Plans are in the works to start an electronic futures exchange, known as Four Seasons, to rival the Chicago Mercantile Exchange (CME). Among those said to be backing the platform are Bank of America, Barclays Bank, Citadel Investment, Citigroup, Credit Suisse, [...]
Filed under: Exchanges, Securities & Capital Markets | 41 Comments »
