Simon Lewis, chief executive of AFME, added that the consensus between fund managers and brokers was ‘encouraging’. The Association for Financial Markets in Europe (AFME) and the Investment Association have produced a new code of conduct which reportedly will lead to an improvement in the efficiency of equity capital markets. Bloomberg is the first to agree to follow the new code and the new categorisation imposed by it. The code differentiates between 'indications of interest' which brokers use to signal an interest in a trade at a given price. In other words, if you are interested in buying shares on margin but don't want to pay any commission or fees, then you can buy them from your broker.
The Association for Financial Markets in Europe (AFME) and the Investment Association have produced a new code of conduct which reportedly will lead to an improvement in the efficiency of equity capital markets. Bloomberg is the first to agree to follow the new code and the new categorisation imposed by it. The code differentiates between 'indications of interest' which brokers use to signal an interest in a trade at a given price. In other words, if you are interested in buying shares on margin but don't want to pay any commission or fees, then you can buy them from your broker.