On 03 Oct 2008 in MM-A-Team Analysis, MM-Clearing & Settlement, MiFIDMonitor.com, RDR-A-Team Analysis, RDR-Industry Initiatives, RDR-Valuations, Reference Data Review 
Following ongoing discussions about the establishment of centralised clearing counterparties for OTC credit derivatives over the last couple of months, a number of players have stepped into the ring with definite launch plans. This includes investment bank-backed the Clearing Corporation (TCC), which finalised the date for the launch of its planned credit default swap (CDS) clearing platform last week.
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On 12 Sep 2008 in ET-Exchanges, ET-Trading Technology, Electronic Trading, MM-A-Team Analysis, MM-Best Execution, MM-Exchanges, MiFIDMonitor.com
The worst trading glitch in eight years to affect the London Stock Exchange’s (LSE) systems, including TradElect, is believed to have occurred between the LSE’s Extranex, the exchange’s private network linking client front ends, and the trading gateway, caused by a software fault affecting the central order book, rather than having anything to do with high trading volumes.
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On 26 Aug 2008 in MM-A-Team Analysis, MM-Commodities, MiFIDMonitor.com
Many of this month’s responses to last May’s consultation paper (CP), which examines whether MiFID rules should be adapted for the commodity derivatives business, call for changes to MiFID and how it has been implemented. Responses emphasised the fundamental differences between the commodities/commodities derivatives markets and general financial markets, noting the former must be viewed in a global, not just European-wide context.
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On 29 Feb 2008 in MM-A-Team Analysis, MM-Best Execution, MM-Smart Order Routing, MiFIDMonitor.com
Firms are missing out on best execution if they aren’t using smart order routing (SOR), according to a number of speakers at this month’s TradeTech MiFID conference. The message was that SOR would be indispensable as more execution venues and dark liquidity pools come online and clients become more informed.
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On 31 Oct 2007 in MM-A-Team Analysis, MM-Exchanges, MiFIDMonitor.com
As “M-Day” hurtles towards us with gathering speed, the industry’s readiness for MiFID is “like the curate’s egg: good in parts”. November 1 itself will be a largely uneventful day (especially in those countries in Europe where 1 (and 2) are holidays). But during the weeks and months that follow we’ll see the outbreak of “robot wars”, with the larger investment banks in particular quite literally borrowing tactics from the military to gain the upper hand in the battle for execution dominance, and the prospect of very real casualties among those that fall behind.
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On 01 Oct 2007 in A-Team Delivery Terms, A-Team Free, A-Team Insight Quarterly, ATIQ-Issue 2 - Q4 2007, ATIQ-Last Word, MM-A-Team Analysis, MiFIDMonitor.com 
By Andrew Delaney, President & Editor-in-Chief, A-Team Group
With Sibos in Boston this year, and Regulation NMS already having its impact in the US, all eyes could be forgiven for being focused on North America as we enter this “fall” season. But back in the Old Continent, it’s a sweeping pan-European regulation called MiFID that’s got everyone’s attention.
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On 01 Jul 2007 in MM-A-Team Analysis, MiFIDMonitor.com
This month’s news that French bank BNP Paribas has bought itself into the Turquoise equities trading platform, which aims to become a major multilateral trading facility under MiFID, is helping to fuel industry debate over traditional exchanges’ role under the new regulation, a discussion that has taken on a higher pitch in recent weeks.
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On 19 Jun 2007 in A-Team Delivery Terms, A-Team Free, A-Team Insight Quarterly, ATIQ-Features, ATIQ-Issue 1 - Q3 2007, MM-A-Team Analysis, MM-Regulation, MiFIDMonitor.com
By Andrew Delaney, Editor, A-Team Insight Quarterly, A-Team Group
It’s a fascinating coincidence that two apparently similar regulatory regimes will come into force on either side of the Atlantic just weeks apart. The similarities between them – of purpose? implication? upheaval? cost? – are such that many market practitioners have confused key elements of Regulation NMS in the US and the EU’s Markets in Financial Instruments Directive, more commonly known as MiFID.
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