Risk.net Hopes that ‘gentlemen’s agreement’ can break first-mover disadvantage for liquidity providers Print this page
Banks and non-bank market-makers have begun discussing a draft protocol to encourage trading to transition onto alternative venues if a primary exchange crashes, according to three sources, with two having direct knowledge of the talks. The talks are understood to be in an early phase and are being facilitated through two industry associations: the Association for Financial Markets in Europe (Afme) and the Futures Industry Association’s European Principal Traders Association (FIA Epta). Both Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.