Brokers Concerned By Restrictions Of New Trading Facilities

Feb 04, 2011

Read More: WMBA· LEBA· MiFID· OTF· MTF·

--Olivia Thetgyi

Brokers are against further restrictions on trading facilities to which over-the-counter derivatives will be moved under the latest revisions to the E.U. Markets in Financial Instruments Directive.

In their response to the MiFID consultation, the Wholesales Market Brokers’ Association and the London Energy Brokers’ Association supported the new definition of organized trading facility but protested the requirement to convert OTFs to multilateral trading facilities once a volume threshold has been reached. OTFs....

Access to this content is restriced for Derivatives Intelligence subscribers.
To access the full service, please log in, subscribe or take a free trial.

Free Trial

Not ready to subscribe?
Register today for a free trial.

Free Trial

Latest Community

Jul 05, 2012 - Robert McGlinchey

In Defense Of Tucker

Prior to Bob Diamond’s U.K. Treasury Select Committee hearing on the firm’s manipulation of Libor, commentators alluded to the impact Diamond’s comments would have on the integrity and career of Paul Tucker, deputy governor, financial stability at the Bank of England. Yet, Diamond’s comments were never in doubt.
May 24, 2012 - Robert McGlinchey

Dimon’s Status As Top Lobbyist Dampens Gloating

You would have thought that news of USD2 billion in losses incurred by JPMorgan’s chief investment office from trading in indices tied to credit default swaps would have fuelled some schadenfreude among the firm’s competitors, but among senior market observers that has not been the sentiment in recent weeks.
May 21, 2012 - Kevin Dugan

In Search Of German Yields: Sell Synthetic

Selling five-year credit default swaps on Germany brings greater yield than buying cash bonds because the CDS spread is skewed wider on European sovereign risk, according to a report by Munich-based Assenagon Capital Management.