FMSB publishes a Standard for the execution of Large Trades in FICC markets

6 May 2021 – The FICC Markets Standards Board (“FMSB”) today publishes a final Standard setting out expected behaviours for the execution of Large Trades by participants in FICC markets.   Large Trades – transactions that are greater than the available liquidity prevailing in the market – can create undue pressure on markets, across all FICC asset classes. They create real execution challenges, […]

FMSB publishes Spotlight Review on LIBOR back book transition

20 April 2021 – The FICC Markets Standards Board (“FMSB”) has today published a new Spotlight Review on LIBOR transition, looking at how market participants may manage potential conduct risks arising in back book transition. This Spotlight Review aims to provide practical guidance for market participants and builds on a […]

FMSB publishes new Standard on the use of Term SONIA reference rates

24 March 2021 – The FICC Markets Standards Board (“FMSB”) today publishes a Transparency Draft of a new Standard on use of Term SONIA reference rates.

FMSB appoints Ed Davey as Chief Operating Officer.

2 March 2021 – The FICC Markets Standards Board (FMSB), a standard setting body for the wholesale fixed income, currencies and commodities (FICC) markets, today announces the appointment of Edward Davey as its first Chief Operating Officer. Most recently Edward was running his own business development and change management consultancy […]

FMSB CEO Update

1 February 2021 – The FICC Markets Standards Board (FMSB) today announces that Martin Pluves has decided to step down from his role as CEO.

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 […]