Benchmark Upheaval

MiFID II Causing Concern About Pricing Data

Jim Rucker, global head of operations services, MarketAxess

Britain's financial regulator, the Financial Conduct Authority (FCA), in March expressed concerns that low liquidity in fixed income markets could lead to volatility. Edwin Schooling-Latter, head of markets, infrastructure and policy at the FCA, later told delegates at a FIX Trading Community event held in London that regulators are carefully considering ways to boost liquidity.

His comments echoed the anxiety of buyside market participants expressed at the conference. The biggest concern of del