Charles Russell Speechlys advises a broad range of wholesale and sell side firms including investment banks, brokers, dealers, market makers and trading platforms.
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.
Broking and trading
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 exchanges, 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.
News & Insights
The UK Stewardship Code: 2020
The code, effective from 1 January 2020, retains a focus on long-term investment, with increased scope, standard and application.
SMCR – Briefing Note for Broking and Trading Firms
All broking and trading firms which are regulated by the FCA will become subject to the SMCR on 9 December 2019.