Philip Stafford from the Financial Times moderated a panel on Market Structure for Equity, Equity-Related Options and Volatility Products and FX today at RMC Europe.  The panelists were:

  • Bryan Christian, SVP, Head of US Sales, Bats Global Markets, CBOE Holdings
  • Eric Frait, Vice President, Business Analysis, CBOE/CFE, CBOE Holdings
  • Mark Hemsley, CEO, Bats Europe, CBOE Holdings
  • Paul Millward, Head of FX Product Strategy, CBOE Holdings

A topic of interest in Europe is the pending implementation of The Markets in Financial Instruments Directive (MiFID) which is set to take effect on January 3, 2018.  In short, MiFID is a regulatory effort that aims to improve competitiveness of EU financial markets by creating a single market for investment services and activities.  Bats Europe has been spending time and resources to be prepared for the 2018 change and Hemsley is confident they are ready to take on the new rules. 

CBOE’s leadership in investor and trader education to compliment new products was discussed by Eric Frait who at one time was an instructor for the CBOE Options Institute.  Eric pointed out that the efforts of the Institute have moved toward working with more institutional market participants.