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The Trading Mesh

February 2012

EMIR: What is it? No, really. What is it?!

February 17, 2012 Comments (0)           

As literally everyone who deals with derivatives will know by now is that the European Market Infrastructure Regulation (EMIR) makes no sense grammatically, but has nonetheless been agreed by the all-seeing druids of the European Commission.
The intentions seem laudable enough – to bring increased visibility and tighter security measures to the OTC derivatives market, primarily by forcing  those trades through clearing houses. But behind a relatively simple premise is a great deal...

Ian Domowitz, ITG: 5 Questions on TCA & a ‘New Vocabulary’

February 8, 2012 Comments (0)           

At this point, TCA is nothing new. But the way in which it’s changing and influencing the PM/Trader relationship is a constant evolution. Ian Domowitz, Managing Director, ITG, is a pro on the subject, and in this video interview, he briefs us on how TCA is changing to become a better toolkit for traders and how it affects the PM/Trader relationship. In addition, Ian also comments on the industry’s call for a “new vocabulary,” after recently publishing a paper on the topic. The time is ripe for...

The Tobin Tax and its impact on taxing of trades

February 7, 2012 Comments (0)           

Doubts have been cast over the future of a Tobin tax on Europe’s financial markets after British prime minister David Cameron vetoed an EU treaty that would have included a financial transaction tax.
The move has widely been welcomed by the City, but if it does make its way into EU law – and indeed in the US as well – what will its impact be on trading?
Nicknamed after Nobel prize-winning economist James Tobin, who suggested the introduction of a small tax on currency market...