Safer & more efficient markets following 2013 – 2014 regulatory changes?

LMAX Exchange

LMAX Exchange CEO, David Mercer comments on whether the markets are safer and more efficient following the regulatory changes seen in 2013 and at the start of 2014. David Mercer suggests the full effect is still yet to be seen, however trade reporting and central clearing can make the markets safer and more efficient if 100% capture is achieved.

Currently the level of trade reporting is not global with different regions applying a different sets of rules, likewise not all products are centrally cleared, with liquid derivatives currently being pushed towards central clearing. To provide a total view of systemic risk, more complex derivatives could be pushed to a central trade repository as well as deriving a mechanism for how they are to be cleared. Overall, the industry needs to move quicker as clients will benefit and the markets will be safer and more efficient.

David Mercer, LMAX Exchange CEO, shares insights.

Business and Technology   David Mercer   LMAX Exchange  

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