Regulation Matters (Fidessa)'s profile

This article was originally published at the Fidessa Regulation Matters blog, and is reproduced here with permission. By Robin Strong The buy-side has traditionally been spared from the burden of most regulatory trade reporting requirements, passing this responsibility on to their brokers who hold the exchange memberships. But this principle looks to have been challenged by BaFin, the German financial regulator, with the introduction of its High Frequency Trading Act. One of the aims of the law is to ensure that algorithmic flow can be better monitored by the...

(9 days ago)

Regulation Matters (Fidessa) wrote a new blog post titled Keeping to the letter of the law

This article was originally published at the Fidessa Regulation Matters blog, and is reproduced here with permission. By Christian Voigt Earlier this week BaFin, the German regulator, held a workshop on the German HFT Act. Global market participants gathered in Frankfurt to discuss and better understand the implications of the soon to be passed law. Questions around the definition of HFT, registration as an HFT firm when operating from abroad and the identification of algo orders were on everyone’s list. Fortunately BaFin came prepared with some...

(16 days ago)

Regulation Matters (Fidessa) wrote a new blog post titled Bless me, Father, for I have changed my algo

This article was originally published at the Fidessa Regulation Matters blog, and is reproduced here with permission. By Christian Voigt Managing algorithmic trading will become more difficult in the future. Regulators have already suggested in recent drafts of MiFID II and the German HFT Act that algos need to be registered/earmarked and their functionality reported to the competent authority if requested. The European Parliament (EP) takes the requirement a step further in its draft in Article 10a in MAR. Here, market abuse is defined as any case where an algo...

(87 days ago)

About me:

There's no escaping the waves of regulation affecting every aspect of the financial marketplace. At Fidessa, we're constantly reviewing relevant materials and pulling together key facts, news and industry comment to keep up to date. Through this site, we're making that analysis available to you too. We're adding a bit of our own colour as well, in order to present regulation that matters in a more digestible way, helping you to identify what you have to plan for and what opportunities lie ahead. Scroll along the timeline below to see key regulatory milestones and click through to relevant documents and web sites.

Blogs

Regulation Matters (Fidessa)

Blog: The long arm of the law

Regulation Matters (Fidessa)

Blog: Keeping to the letter of the law

Regulation Matters (Fidessa)

Blog: Bless me, Father, for I have changed my algo

Regulation Matters (Fidessa)

Blog: Is FTT heading for Wall Street?

Regulation Matters (Fidessa)

Blog: La bozza del decreto