The latest edition of Market Watch covers:  

  • manipulation of the order book (layering or spoofing) - a warning for direct market access providers;  
  • STRs: FSA thinks reporting works well, but would like to understand why firms sometimes do not make reports when FSA would expect them to;  
  • Article 57 MiFID requests for information: FSA understands firms' concerns about the width of CESR’s interpretation of this Article and is continuing to discuss it in EU fora;  
  • short selling;  
  • Alternative Instrument Identifier (AII) implementation;  
  • transaction reporting user pack;  
  • common transaction reporting issues;  
  • transaction reporting forum; and  
  • data quality.