FMSB publishes Spotlight Review on measuring execution quality in FICC markets

7 September 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review looking at the challenges in measuring quality of trade execution and how this varies across different market participants and segments.  While not a new concept, in the last four years there has been a significant focus on best execution and transaction cost analysis by both market participants […]

FMSB publishes Spotlight Review on monitoring FICC markets and the impact of machine learning

3 August 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review looking at current and future challenges that FICC market participants face in market surveillance. This Spotlight Review outlines: factors driving the pace of change in market surveillance; the acute impact of data on surveillance […]

FMSB publishes Spotlight Review on examining remote working risks in FICC markets

27 July 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review which examines remote working risks in FICC markets. Following COVID-19 being declared a global pandemic and the closure of many offices, FMSB formed a working group of members and other interested market participants to […]

Appointments to the FMSB Limited Board

26 June 2020 – The FICC Markets Standards Board (FMSB) announces three new appointments to the board of FMSB Limited. Martin Pluves, CEO of FMSB, has been appointed to the board as executive director, reflecting the highly successful completion of his first six months as CEO of FMSB and his […]

FMSB issues new Statement of Good Practice on algorithmic trading

24 June 2020 – The FICC Markets Standards Board (FMSB) published a new Statement of Good Practice on Algorithmic Trading in FICC Markets as a transparency draft for market consultation. As the use of computer algorithms in FICC markets continues to increase, the potential for such trading activities to adversely […]

FMSB publishes a Spotlight Review on navigating conduct risks in LIBOR transition

11 June 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review on LIBOR transition with practical case studies to support firms when considering the risks to fairness and effectiveness as the market moves to risk-free rates as more sustainable and representative benchmarks. As the risks […]

FMSB publishes Spotlight Review on data management in the financial system

11th May 2020 – The FICC Markets Standards Board (FMSB) has today published its second Spotlight Review examining the crucial role of data management in the stability and resilience of wholesale FICC markets and financial systems. The Spotlight Review considers: seven sources of critical data risk covering business continuity, data […]

FMSB publishes Spotlight Review on data management in the financial system

11th May 2020 – The FICC Markets Standards Board (FMSB) has today published its second Spotlight Review examining the crucial role of data management in the stability and resilience of wholesale FICC markets and financial systems. The Spotlight Review considers: seven sources of critical data risk covering business continuity, data […]

FMSB publishes Spotlight Review on Algorithmic Trading and Machine Learning

23rd April 2020 – The FICC Markets Standards Board (FMSB) has today published its first Spotlight Review, looking at emerging themes and challenges in algorithmic trading and machine learning. This Spotlight Review highlights important emerging issues in this area to assist market participants in considering how to address challenges that […]

FMSB publishes its Annual Report 2019 – Towards Fairer Markets

25 February 2020 – The FICC Markets Standards Board (FMSB) has today issued its 2019 Annual Report setting out the progress made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities (FICC) markets and its priorities for the year ahead. FMSB is a private sector, practitioner-led […]