ICMA’s Electronic Trading Working Group (ETWG) originates from ICMA’s Electronic Trading Council (ETC), which was established under the umbrella of the Secondary Market Practices Committee (SMPC) as a forum for members to discuss the evolving ecosystem for electronic trading in secondary bond markets. The ETC was also responsible for two important deliverables: ICMA’s much referenced mapping directory of European fixed income electronic trading platforms, which was originally created in 2015, and published in an updated version in July 2023, as well as the ground-breaking 2021 guide to definitions and best practice for bond pricing distribution.
In recent years, as e-trading has become more embedded into secondary market structure, ICMA and members began to re-evaluate the role and relevance of the ETC as a district forum within the SMPC structure, particularly with the creation of ICMA’s FinTech Advisory Committee (FinAC) and related working groups. Following consultation with members in early 2023, it was agreed that the forum would continue, but would be re-constituted, and revitalised, as a technical working group under the remit of the SMPC. Accordingly, the Electronic Trading Working Group (ETWG) is issue and output driven and more focused on the present market structure than the FinAC.
The inaugural meeting of the ETWG was held in November 2023. The next meeting will take place in Q3 2024.
Anybody interested in participating in ICMA’s Electronic Trading Working Group should contact Nina Suhaib-Wolf.
Contacts:
Andy Hill
Managing Director, Co-Head of Market Practice & Regulatory Policy; secretary to the Secondary Market Practices Committee and also responsible for overseeing repo policy; Member of the ICMA Executive Committee
Direct line: +44 20 7213 0335
Georgina Jarrat
Managing Director, Head of FinTech and Digitalisation; Member of the ICMA Executive Committee
Direct line: +44 20 7213 0348
Gabriel Callsen
Senior Director, FinTech and Digitalisation; Secretary to the ICMA FinTech Advisory Committee (FinAC)
Direct line: +44 20 7213 0334
Nina Suhaib-Wolf
Director, Market Practice and Regulatory Policy
Direct line: +44 20 7213 0318
