CMCRC launches online resource to deliver market metrics
Capital Markets Co-operative Research Centre (CMCRC) this week announced that it has opened a new portal for its research that measures and ranks the quality of global securities markets.
The new product, the Market Quality Forum, is a free resource which publishes monthly statistics for various market metrics - including costs of trading in various markets; incidences of insider trading and market manipulation; and metrics around liquidity provision - for all the major markets in the world.
The CMCRC says the Forum, conceived by its chief scientist Michael Aitken, represents the first time such extensive data on the efficiency and integrity of markets has been made regularly available for free.
“The idea behind this is to get people talking about market quality, and show them how dynamic it is,” Aitken said.
“You can see the influence of policy changes as they come into effect – it’s fascinating stuff and I’m very pleased that CMCRC has been able to unlock this information and make it available.”
The CMCRC said the data in the Forum was part of a broad, global review of market quality, the Market Quality Framework, which Aitken’s team has been developing over the past 10 years.
“The problem regulators face is that they have to make decisions that will directly impact their markets, but often without proper research or hard data,” he said.
“Market consultation is all well and good, but at the end of the day if you’re making decisions based upon people’s opinions and vested interests, that’s obviously not optimal.”
The Market Quality Forum is at www.q2forum.com.
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