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Friday, 19 March 2010. Thoughts on the FSA Business Plan. For anyone who believes that securities markets should be fair there is much to like in the FSA's new business plan. Albeit one has to read between the lines somewhat). However, when the FSA talks about market abuse they focus on insider dealing, and in their plan the other classes of market abuse - which are at least as significant a problem - are further de-emphasised. Reducing insider dealing is clearly a good thing, but it is not enough. Marke...

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Friday, 19 March 2010. Thoughts on the FSA Business Plan. For anyone who believes that securities markets should be fair there is much to like in the FSA's new business plan. Albeit one has to read between the lines somewhat). However, when the FSA talks about market abuse they focus on insider dealing, and in their plan the other classes of market abuse - which are at least as significant a problem - are further de-emphasised. Reducing insider dealing is clearly a good thing, but it is not enough. Marke...
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AVENUES ALLIANCE | avenues-alliance.blogspot.com Reviews

https://avenues-alliance.blogspot.com

Friday, 19 March 2010. Thoughts on the FSA Business Plan. For anyone who believes that securities markets should be fair there is much to like in the FSA's new business plan. Albeit one has to read between the lines somewhat). However, when the FSA talks about market abuse they focus on insider dealing, and in their plan the other classes of market abuse - which are at least as significant a problem - are further de-emphasised. Reducing insider dealing is clearly a good thing, but it is not enough. Marke...

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AVENUES ALLIANCE

http://avenues-alliance.blogspot.com/2009_11_01_archive.html

Wednesday, 11 November 2009. Joined-up thinking on fragmented markets. In a recent speech, Rick Ketchum, Chairman and CEO of FINRA, the US securities regulator makes many observations on "the lessons of regulatory failure". What caught my eye particularly was his call for regulators to have "a single set of eyes looking at the market holistically", announcing a "first step by consolidating the surveillance for insider trading". And the compliance function of market participants has a role. As Hector ...

2

AVENUES ALLIANCE

http://avenues-alliance.blogspot.com/2010_02_01_archive.html

Friday, 5 February 2010. The Need for Multi-Market Surveillance. In this new decade, the key questions are:. 1 Is price discovery still objective, given the very high proportion of algorithmic and automated trading and if it isn’t totally objective, what are the implications for investor protection and market surveillance? 2 Do existing market surveillance methodologies protect investors and root out market abuse in the context of modern market structures? How can we make such a statement? Does this mean...

3

AVENUES ALLIANCE

http://avenues-alliance.blogspot.com/2010/02/need-for-multi-market-surveillance.html

Friday, 5 February 2010. The Need for Multi-Market Surveillance. In this new decade, the key questions are:. 1 Is price discovery still objective, given the very high proportion of algorithmic and automated trading and if it isn’t totally objective, what are the implications for investor protection and market surveillance? 2 Do existing market surveillance methodologies protect investors and root out market abuse in the context of modern market structures? How can we make such a statement? Does this mean...

4

AVENUES ALLIANCE

http://avenues-alliance.blogspot.com/2010_03_01_archive.html

Friday, 19 March 2010. Thoughts on the FSA Business Plan. For anyone who believes that securities markets should be fair there is much to like in the FSA's new business plan. Albeit one has to read between the lines somewhat). However, when the FSA talks about market abuse they focus on insider dealing, and in their plan the other classes of market abuse - which are at least as significant a problem - are further de-emphasised. Reducing insider dealing is clearly a good thing, but it is not enough. Marke...

5

AVENUES ALLIANCE

http://avenues-alliance.blogspot.com/2010/03/economics-of-market-surveillance.html

Friday, 19 March 2010. The Economics Of Market Surveillance. In today’s world, before one can address the regulatory or moral issues of surveillance, it is realistic to suggest that one has to address the economics for surveillance. Market venues find themselves in a highly competitive cut throat price war where there is a race to the bottom on trading tariffs. Therefore all their attention is on developing or retaining the secondary trading business and current strategies are threefold:. If the regulato...

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AVENUES ALLIANCE

Friday, 19 March 2010. Thoughts on the FSA Business Plan. For anyone who believes that securities markets should be fair there is much to like in the FSA's new business plan. Albeit one has to read between the lines somewhat). However, when the FSA talks about market abuse they focus on insider dealing, and in their plan the other classes of market abuse - which are at least as significant a problem - are further de-emphasised. Reducing insider dealing is clearly a good thing, but it is not enough. Marke...

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