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Investors get real-time view of UK bond market activity for the first time

fca.org.uk

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Re: Investors get real-time view of UK bond market activity for the first time

#51

Post by macleginn »

1234letshaveatw wrote: post #43
inigyou wrote: post #34

Earlier quoted context omitted.

That's normal in markets and it even makes sense. Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.

Only the extremely wealthy participate in the UK? That is most certainly not the case in the US, where your average salaried employee has most of their retirement invested in the market

They normally don't do self-set-up real-time monitoring though.

Re: Investors get real-time view of UK bond market activity for the first time

#52

Post by cjrp »

gpderetta wrote: post #41
cjrp wrote: post #31

Earlier quoted context omitted.

I think they're clamping down on cash held in Stocks and Shares ISAs, not Cash ISAs.

As the government wants to encourage people to be invested and not hold cash, from '27 you'll only be able to add 12k in Cash ISA. They are planning to also change the limit on cash held on S&S ISAs to avoid an easy workaround for this limit

Ah I see, I wasn't aware of the Cash ISA change too, thanks.

Re: Investors get real-time view of UK bond market activity for the first time

#53

Post by dismalaf »

monkeydust wrote: post #14
andy_ppp wrote: post #12

Earlier quoted context omitted.

What is he going to do without the bond markets - the UK is in so much debt we basically need to jump however high they tell us to, unless he plans to default which would destroy the global financial system and destroy the UK for decades. The only way I can see out of this is to absolutely frack the crap out of the UK and push for more North Sea oil drilling. But we definitely won't do that so maybe we'll try a bit o…

I think ...or hope ...he ends more right than left and manages to do what Starmer failed to do a year ago which is to make major reforms to the Welfare system. Its just not sustainable.

Massive handouts via welfare programs is the only thing that keeps left leaning parties in power anywhere in the west. They've failed at bringing prosperity so they just court retirees, the unemployed and hire more government workers. And unfortunately those who rely on welfare outnumber those who work and pay taxes in a lot of western countries, because of the lack of prosperity... Need to hit rock bottom à la Argentina for people to wake up.

Re: Investors get real-time view of UK bond market activity for the first time

#54

Post by inigyou »

dv_dt wrote: post #47
inigyou wrote: post #40

Earlier quoted context omitted.

You can force markets to make an open API funded by participants, but you can't make it fully open (open API and open participation) if you don't want tax funding because then there's no funding source left. Maybe you decide a fully open market is worth being tax funded, though it's still mostly going to benefit very rich people.

Why is "no tax funding" a hard requirement? I would think the lowest cost to get that market information publicly shared and forthcoming (and thus increasing the efficiency and effectiveness of the market), would be for a government dept to operate the frontend distribution, but require regulatory submissions of transaction data within reasonable latency windows. It's just a modern form of say US SEC document submiss…

It's because why should taxes fund things that benefit rich people? It's not far off from taxes funding the caviar at Davos.

Re: Investors get real-time view of UK bond market activity for the first time

#55

Post by inigyou »

Closi wrote: post #50
inigyou wrote: post #40

Earlier quoted context omitted.

You can force markets to make an open API funded by participants, but you can't make it fully open (open API and open participation) if you don't want tax funding because then there's no funding source left. Maybe you decide a fully open market is worth being tax funded, though it's still mostly going to benefit very rich people.

I don't see why you can't do that? There's plenty of things that cost money that legislation forces companies to do anyway, regardless of if there is a 'funding source' or not. Although this particular one is from the FCA so presumably is taxpayer funded anyway.

Well if you mandate they spend money and also mandate they don't get money, they'll shut down.

Re: Investors get real-time view of UK bond market activity for the first time

#56

Post by inigyou »

1234letshaveatw wrote: post #43
inigyou wrote: post #34

Earlier quoted context omitted.

That's normal in markets and it even makes sense. Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.

Only the extremely wealthy participate in the UK? That is most certainly not the case in the US, where your average salaried employee has most of their retirement invested in the market

Only extremely wealthy people participate in stock markets, in general. Other people use one of those wealthy people as an intermediary.

To participate directly in a market you usually need to lock up at least several million dollars at what is effectively an escrow service, so they can shift it between accounts when transactions happen. All your shares stay locked up in a similar service.

The line graph of stock prices you can see on Google is a lie. Real market data is, like, a live feed of who's buying and selling and at what price and quantity. That doesn't seem very useful to someone who isn't trying to trade on that market, and if you can't trade on that market why bother getting the data?

There also isn't just one market. Any two large financial firms can just agree to directly trade with each other, would you mandate realtime data on that?

Re: Investors get real-time view of UK bond market activity for the first time

#57

Post by matt-p »

pjc50 wrote: post #21
monkeydust wrote: post #14

Earlier quoted context omitted.

I think ...or hope ...he ends more right than left and manages to do what Starmer failed to do a year ago which is to make major reforms to the Welfare system. Its just not sustainable.

There really isn't a lot of slack in the welfare system unless you're prepared to be very short sighted and go back to "tent city" levels of homelessness. Which is partly why all previous attempts to cut it have failed. Maybe declaring certain areas of high rent off-limits for housing benefit, but then you have to raise the salaries of NHS staff and teachers living in London so they can afford to work there. Maybe if…

As someone who has lived in a 'mixed block' in zone 1, I think it's delusional to characterise social housing tenants as 'teachers and nurses'. I suspect most teachers and nurses are already in private sector housing in London.

I think it could be OK to sell all social hosing in Zone 1/2 and use that money to pay higher wages for teachers and nurses plus state built replacement social housing in zone 4-6. There's probably some other space in the welfare system, look at the motability scandal or the increase in PIP claims.

Re: Investors get real-time view of UK bond market activity for the first time

#58

Post by doikor »

inigyou wrote: post #34
monooso wrote: post #27

I spent the entire day yesterday trying to set up some automated monitoring of my investments, only to discover most UK market information is locked behind stupid-money APIs. Anything that improves that situation is a positive.

That's normal in markets and it even makes sense. Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.

Most if not all stock markets are for profit corporations making a lot of profit. They could have api fees at 0 and still make a profit.

Re: Investors get real-time view of UK bond market activity for the first time

#59

Post by chadgpt3 »

matt-p wrote: post #57
pjc50 wrote: post #21

Earlier quoted context omitted.

There really isn't a lot of slack in the welfare system unless you're prepared to be very short sighted and go back to "tent city" levels of homelessness. Which is partly why all previous attempts to cut it have failed. Maybe declaring certain areas of high rent off-limits for housing benefit, but then you have to raise the salaries of NHS staff and teachers living in London so they can afford to work there. Maybe if…

As someone who has lived in a 'mixed block' in zone 1, I think it's delusional to characterise social housing tenants as 'teachers and nurses'. I suspect most teachers and nurses are already in private sector housing in London. I think it could be OK to sell all social hosing in Zone 1/2 and use that money to pay higher wages for teachers and nurses plus state built replacement social housing in zone 4-6. There's pro…

What would happen to the people who live in the houses?

Re: Investors get real-time view of UK bond market activity for the first time

#60

Post by arethuza »

matt-p wrote: post #57
pjc50 wrote: post #21

Earlier quoted context omitted.

There really isn't a lot of slack in the welfare system unless you're prepared to be very short sighted and go back to "tent city" levels of homelessness. Which is partly why all previous attempts to cut it have failed. Maybe declaring certain areas of high rent off-limits for housing benefit, but then you have to raise the salaries of NHS staff and teachers living in London so they can afford to work there. Maybe if…

As someone who has lived in a 'mixed block' in zone 1, I think it's delusional to characterise social housing tenants as 'teachers and nurses'. I suspect most teachers and nurses are already in private sector housing in London. I think it could be OK to sell all social hosing in Zone 1/2 and use that money to pay higher wages for teachers and nurses plus state built replacement social housing in zone 4-6. There's pro…

A lot of social housing in the UK (about 45%) isn't owned by councils so can't really be sold off by the state?
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