Tag: Market Standards

Market Standards

FMSB Details Trading Error Compensation Standard

The FICC Markets Standards Board, which was set up in 2015 in response to the UK’s Fair and Effective Markets Review with a mandate to issue Standards designed to improve conduct and raise standards in the wholesale Fixed Income, Commodity and Currency markets, has published its Transparency Draft Standard on Secondary Market Trading Error Compensation.
The Standard deals with the issues concerning how compensation should be paid following a trading error, although it does not address the circumstances in which the error might arise, how the risks of such circumstances might be mitigated, the reasons why a party may compensate another party, or the desirability or magnitude of compensation.

Markets Standards Board Publishes First Draft of FICC Standards

The Financial Markets Standards Board (FMSB), established in the wake of last years Fair and Effective Markets review (FEMR) process in the UK, has published its first draft standard aimed at improving conduct in FICC markets. The FMSB’s work started last year and was initially aimed at all FICC markets, however since the Bank for […]