Charles Russell Speechlys advises a broad range of wholesale and sell side firms including investment banks, brokers, dealers and market makers.
We provide general advice relating to on and off exchange trading, clearing and settlement issues for a diverse range of wholesale clients involved in equity, fixed income and related investment products, and have particular expertise in foreign exchange, derivatives, commodities, CFDs and spread bets.
We deal with a wide range of trading issues such as order entry, smart order routing, DMA, sponsored access, co-location, execution, matching, clearing and settlement as well as pre and post trade disclosure requirements, transaction reporting and post trade assurance. We also advise on back office issues such as safe custody, stock lending and borrowing, collateral management, margin, optimising regulatory capital requirements and managing reporting obligations.
We have a leading reputation in advising all types of proprietary trading firms and advise a large number of the leading firms operating in Europe including the world’s largest HFTs. We also regularly assist clients based outside the UK on how to adapt their existing business models and trading strategies into the European environment.
Our reputation in the markets sector is built on our strong experience, particularly in relation to multilateral trading facilities (MTFs), systematic internalisers (SIs) and OTC crossing networks, which we have assisted in setting up and subsequently advised on regulatory matters.
We advise our markets clients on developing and updating their terms of business, trading rules and related user documentation to accommodate product and technological developments and we regularly assist in dialogues with the FCA and other regulators.
Advising on direct electronic access and white labelled services
Advising investment banks and brokers in relation to providing direct electronic access to execution venues (DMA and sponsored access) and providing white labelled services to third party brokerages.
Assisting with set up of European execution and trading platforms
Assisting numerous clients setting up European execution venues and trading platforms (MTFs, crossing networks and other OTC platforms).
Assisting international brokerages and proprietary trading firms set up in Europe
Assisting numerous international brokerages and proprietary trading firms to set up European operations or restructure existing operations.
Advising on FCA and exchange investigations
Advising numerous regulated firms in connection with alleged FCA or exchange rule breaches.
Advising on electronic trading services
Advising on international investment bank on new trading platforms for high frequency trading and non-regulated as the centre commodities and futures trading platform.