Makor Securities London Wins FCA’s OTF Authorization
- OTF approval ensures compliance with MiFID II regulations and provides a choice of execution protocols.
Makor Securities London Ltd, an agency brokerage group trading cash equities, fixed income, FX, and derivative products, has become the latest venue to receive Organised Trading Facility (OTF) authorization from the UK’s Financial Conduct Authority (FCA).
Makor’s approval by the City regulator gives its clients greater flexibility to choose the type of venue and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term method that suits their needs. OTFs constitute any facility that aggregates buying and selling interests or orders related to financial instruments, focused on non-equities such as derivatives and cash bond markets.
“In addition to providing Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term discovery and execution services across the listed and Over-the-Counter ('OTC') markets, Makor will additionally offer access to the Makor OTF. This ensures continuity of service, compliance with MiFID II regulations and provides a choice of execution protocols in line with client preferences,” it said.
Makor expands to Switzerland
Makor’s new authorization will support the execution of intermediated and discretionary flow, while also enabling clients to discover new liquidity sources and trading opportunities.
Under MiFID II regulations, trading venues, approved reporting mechanisms, organized trading facilities, investment firms, and sell-side firms have a significant reporting obligation to both ESMA and their local regulatory bodies. In line with the legislation that came into effect last year, OTF operators are required to collect information about venue users and transactions.
Elsewhere, European investors were worried about being cut off from Britain’s financial markets because all the other financial centers in Europe are smaller in size. In turn, the UK’s financial services sector is struggling to find a way to preserve the existing flow of trading after the nation leaves the EU.
The latest FCA approval caps off an eventful year for Makor, which has been actively recalibrating its business to better meet shifting regulatory demands. Apart from MiFID II, Makor also expanded the scope of its activities in Switzerland and as a result, has appointed Sebastien Crouzet to build its Cross-Asset Services Desk.
Makor Securities London Ltd, an agency brokerage group trading cash equities, fixed income, FX, and derivative products, has become the latest venue to receive Organised Trading Facility (OTF) authorization from the UK’s Financial Conduct Authority (FCA).
Makor’s approval by the City regulator gives its clients greater flexibility to choose the type of venue and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term method that suits their needs. OTFs constitute any facility that aggregates buying and selling interests or orders related to financial instruments, focused on non-equities such as derivatives and cash bond markets.
“In addition to providing Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term discovery and execution services across the listed and Over-the-Counter ('OTC') markets, Makor will additionally offer access to the Makor OTF. This ensures continuity of service, compliance with MiFID II regulations and provides a choice of execution protocols in line with client preferences,” it said.
Makor expands to Switzerland
Makor’s new authorization will support the execution of intermediated and discretionary flow, while also enabling clients to discover new liquidity sources and trading opportunities.
Under MiFID II regulations, trading venues, approved reporting mechanisms, organized trading facilities, investment firms, and sell-side firms have a significant reporting obligation to both ESMA and their local regulatory bodies. In line with the legislation that came into effect last year, OTF operators are required to collect information about venue users and transactions.
Elsewhere, European investors were worried about being cut off from Britain’s financial markets because all the other financial centers in Europe are smaller in size. In turn, the UK’s financial services sector is struggling to find a way to preserve the existing flow of trading after the nation leaves the EU.
The latest FCA approval caps off an eventful year for Makor, which has been actively recalibrating its business to better meet shifting regulatory demands. Apart from MiFID II, Makor also expanded the scope of its activities in Switzerland and as a result, has appointed Sebastien Crouzet to build its Cross-Asset Services Desk.