Policy Lead – Trading Policy

Requirements of the role

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

The Market Intervention – Trading Venues department is at the heart of the FCA strategy to seek to ensure that UK market infrastructures are resilient, transparent and operate in a fair and orderly way. The department sits in the Infrastructure & Exchanges directorate. It is responsible, among other things, for supervising trading venues and for developing the policy that applies to them and to the investment firms dealing on those venues or OTC. We develop smart and early policy interventions to address emerging risks we see in the market and to influence global and UK policy.

The Trading Policy team is responsible for shaping and implementing the policy for trading venues – such as investment exchanges – and for firms dealing in wholesale markets like broker-dealers, proprietary trading firms and commodity derivatives trading firms. We cover a broad range of issues such as the organisational and transparency requirements of trading venues, algorithmic and high frequency trading, commodity derivatives and market data.

What will you be doing?

Working with other team members and senior management on a consultation paper on the characteristics of the UK equity tape and other policy initiatives

Engaging with other areas of the FCA, such as Authorisation, Economics, Legal, Market Oversight and Supervision on market data and the consolidated tape

Representing the FCA by engaging with senior external stakeholders

Making use of market data and quantitative analysis to support cost-benefit analysis and policy advice

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