The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Watch out FICC, the FCA has something in STOR for you

The UK regulator thinks that bond markets could step up their approach to reporting market abuse

MB banner 660px

Imagine for a moment that equity-insider-dealing-related Suspicious Transactions and Orders (STORs) accounted for, say, 70% of all STORs reported to UK regulators. It’s a useful number because it’s the real one.

There are a couple of conclusions you could draw from it. One would be that equity-related-insider-dealing happens a lot more than equity-related-market-manipulation, which is another and perhaps even more exciting kind of STOR.

Another would be that there are many, many more wrong ’uns in the equity market than there are in fixed income, currencies and commodities (FICC), whose STOR count is a tiny fraction of the total.


Julia Hoggett, FCA 

But then this: $10 billion of FX-rigging fines, $9 billion of Libor-related fines.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree