Guest Editorial, The Case for a European Consolidated Tape in 2009

What a year 2008 was. Put aside thoughts of plummeting volumes and banking crises, I refer instead (and more positively) to lower trading and clearing costs, and the launch of new multilateral trading facilities. To my mind, 2008 showed that regulation has delivered what it promised. The Markets in Financial Instruments Directive removed the concentration rules, paving the way for new entrants, and allowed competitive forces to drive down the costs of trading. Chi-X has welcomed the recently

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‘Feature, not a bug’: Bloomberg makes the case for Figi

Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.

Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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