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The Trading Mesh

August 2013

Why the big exchanges need to visit Amsterdam

August 21, 2013 Comments (0)           

My friend Nandini Sukamar at Bloomberg broke a story yesterday that Eurex is to compete with CME Europe by offering competitive FX contracts. So it looks like we are going to see a few more spats as the big boys vie for control over the European exchange-traded derivatives market. The CME is looking to launch its own competitive products to Eurex, and NASDAQ NLX is taking on both NYSE Liffe and Eurex with its own interest rate products. These are interesting developments, as history shows that...

FTTs and ET – a dangerous combination

August 8, 2013 Comments (0)           

 
This article was originally published at the Fidessa Fragmentation blog, and is reproduced here with permission.
 
By Steve Grob
There has been a lot of talk recently about the introduction of Financial Transaction Taxes (FTTs). This has even extended to speculation here in the UK that we should tax those naughty HFT practitioners too. Seemingly everyone has a view on this and whether such taxes actually punish the banking community or the end investor. But the...