Tag: Spain

What is the “RR”?

In recent years the MTFs have significantly changed the way equities are traded in Europe. Volumes negotiated in the main MTFs (Chi-X, Turquoise, Bats) are now on average close to 20% of the total volume for the main European financial

Posted in Exchanges, Rules & Regulation Tagged with: , , , , ,

Settlement failures in the European repo market

It is a recurring theme in this Commentary that market participants take a risk when they underestimate the importance of the post-trade processes. They may be complicated and less glamorous than sub-millisecond trading systems, but if they don’t work well,

Posted in Clearing & Settlement, CSD Tagged with: , , ,