Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-359-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Markets in financial instruments and repeal of Directive 2004/39/EC - Markets in financial instruments and amendment of the EMIR Regulation on OTC derivatives, central counterparties and trade repositories (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20121025.28.4-359-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-360-0002
lpv:speaker	lp:Robert Goebbels2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 vice-chair; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-30--2014-06-30)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; CRIM (2012-03-28--2013-10-23)3 substitute; ECON (2012-01-19--2014-06-30)3 unknown; Parti ouvrier socialiste luxembourgeois (2009-07-14--2014-06-30)3 member; ITRE (2012-01-19--2014-06-30)3
lpv:translated text	". Mr President, I have 120 seconds to express my group’s agreement with the compromise found. The proposed legislation will, firstly, provide greater transparency and will give the European regulator and national regulators more opportunities to intervene in order to prevent any abusive and harmful speculation. Consumer interests will be better protected. The keyword will be total transparency of prices and commissions. Under subsidiarity, States will have several additional options, going as far as a ban on retrocession. A review clause will oblige the Commission to monitor developments and propose corrections where necessary. Our proposals will help to erect serious barriers to speculation on commodity markets, particularly for agricultural products. Players in these markets will be obliged to publish their commitments and limits will be imposed on the positions that a player or group of players may hold. A key element is constraint of high-frequency trading (HFT). Where is the price discovery essential to markets when computers make deals with other computers in milliseconds, microseconds, and, tomorrow, nanoseconds? Speed does not mean more liquidity, Commissioner. In fact, high-frequency trading does not bring any liquidity to the market. Eighty per cent of orders only exist for a few milliseconds. While HFT represents, for some markets, up to 80 % of orders issued, daily trading reports for the major stock exchanges show that orders executed account for only a 20 to 25 % share of total stock market transactions. The fact of placing restrictions on such increasingly elusive speculation will help long-term investors and penalise daily bonus hunters. Financial markets are necessary but must serve the real economy."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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