Commenting on the founding
of EDMA, Bullen said: “I look
forward to representing the views
and interests of existing and new
EDMA members who together
operate and run an essential com-
ponent of European Financial mar-
kets and who, to-date, have been
underrepresented in important
industry and regulatory circles.”
Tradeweb’s global head of busi-
ness development, Simon Maisey,
added: “In a heavily regulated in-
dustry, multilateral trading venues
such as Tradeweb have historically
had limited representation.
With MiFID II deadlines fast
approaching, it has become imperative that trading venues are able
to have an active dialogue with
regulators and we believe that
EDMA Europe will provide the
right forum for such discussions.”
Citi moves elec-
trading role from
London to Asia
Citi has reorganised its electronic trading team, moving its global futures electronic execution
role from London to Singapore
The TRADE understands.
Robin Trott, former EMEA
head of futures electronic execution, has been relocated to
Singapore to head up the Asia
Pacific electronic trading business. Meanwhile Nirav Parikh,
the bank’s head of futures,
clearing and collateral (FCC)
execution for Asia Pacific, will
now be responsible for listed
derivatives execution globally.
Jason Stipe will replace Trott
as head of EMEA FCC electronic
execution in London.
The reshuffle follows the
creation of a new role for Paul
Marks within its prime services
business as global head of
quant prime brokerage. He
was previously global head of
electronic trading product and
electronic trading services.
The recent moves for Citi come
as banks look to refocus their
trading strategies, with regulation shifting the majority of
activity onto electronic venues.
Bond platforms form lobby group
to tackle MiFID II
Key fixed income venues set up industry association to
deal with underrepresentation of electronic platforms.
Several fixed income trading venues have got together to
form a lobby group aimed at representing the interests of electronic
The Electronic Debt Markets Association Europe (EDMA Europe)
has been set up by Broker Tec Europe, MarketAxess Europe, MTS
Group and Tradeweb Europe.
EDMA said it will work with
its members to develop collective
views on regulatory developments
impacting the electronic fixed-income trading sector. It has set out
principles to guide its activity,
which include ensuring open access
and fair, transparent markets, diversity of electronic trading protocols
and equivalent regulatory treatment
of all electronic trading platforms.
David Bullen has been appointed
as secretary general of EDMA and
will work closely with an executive