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Regulation, Liquidity Top Bond-Trader Concerns  

October 21, 2015

Markets Media

The buy side’s top concerns at the Fixed Income Leaders Summit in Barcelona last week were new regulation and the decline in liquidity due to the exit of traditional market makers.

Brad Bailey, research director with the securities and investments practice at consultancy Celent, told Markets Media that several key themes emerged from the summit last week which had more than 450 attendees. He said: “Liquidity, regulation and electronic platforms dominated the agenda.”

Last month the European Securities and Markets Authority released the final regulatory technical standards for MiFID II, which will govern financial markets in the region from January 2017, but there is still confusion over how the proposed rules will affect the fixed income market.

Bailey said: “While large sellside and buyside have been preparing for MiFID II, US firms and smaller European buyside firms are still confused over implementation and have little time left to prepare.”

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