OneChicago bolsters block and EFP trading

04 Dec 2006

OneChicago has signed a technology deal with software provider Trayport to improve block trading and exchange for physicals (EFP) on its trading platform.

The new technology, tentatively scheduled to launch in February, was expected to make such trades easier and more transparent for the Wall Street firms and institutions. Block trading and EFPs account for a large majority...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.