British watchdog is eyeing vertical silos, client clearing and co-location
Britain’s financial watchdog has launched a
far-reaching probe into competition in the financial markets
including barriers to competition related to exchange vertical
silos, clearing arrangements and electronic trading.
The Financial Conduct Authority, run by Martin Wheatley,
outlined on Wednesday its Wholesale sector competition review
and called for input on various aspects of market structure,
investment banking and asset management.
In terms of market structure, the financial regulator has
focused on the access to exchange services supplied by their
operators, the provision of client clearing under new European
regulations and the practice of providing some clients with
faster access to exchanges.
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