ISDA warns on proposed changes to post-trade deferrals regime.
A select group of bulge-bracket brokers have gained market share.
There are three key areas where action is required.
Some material changes have come out of ESMA’s review of algorithmic trading.
A consolidated tape will significantly improve transparency and create a level playing field.
AFME said there should be mandatory free data contribution to the consolidated tape.
The review is an opportunity to recalibrate MiFID II regulations post-Brexit.
Regulatory reporting is an important part of MiFID II.
Notional outstanding in interest rate swaps grew 26%.
