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Profile of registrant

Wholesale Market Brokers Association

Identification number in the register: 71374683216-48
Registration date: 14/02/10 20:43:15

The information on this organisation was last modified on 20/01/14 10:30:17
The date of the last annual update was 20/01/14 10:30:17


Registrant : Organisation or self-employed individual

Name/company name: Wholesale Market Brokers Association
Acronym: WMBA
Legal status: Trade Association
Website address: http://www.wmba.org.uk

Sections

Section: II - In-house lobbyists and trade/professional associations
and more precisely: Trade, business & professional associations

Person with legal responsibility

Surname, Name: Mr  Alexander McDonald
Position: CEO

Permanent person in charge of EU relations

Surname, Name: Mr  Alex McDonald
Position: CEO

Contact details:

Contact details of organisation's head office: 29 Warnford Court Throgmorton Street
London EC2N 2AT
UNITED KINGDOM
Telephone number: (+44) 207 947 4900
Fax number: (+44) 203 292 1592
Other contact information: WMBA member firms are global Wholesale Market Brokers providing, inter-alia, OTC intermediation services in the cash and derivative Rate, Credit, Foreign Exchange, Equity and Commodity marketplaces. Our members collectively have a physical presence in all major financial capitals globally as well as many secondary financial centres and provide intermediation services to, among others, customers in all 27 EU member states. Furthermore, WMBA members firms arrange the vast majority of OTC derivative transactions executed daily around the world.

WMBA member firms are limited activity firms that act as non risk-taking intermediaries with a principal client base made up of global banks, primary dealers, leading regional banks, government agencies, asset managers, oil companies and energy generators/utilities. Our primary function is to source, develop, manage and publicise liquidity pools for our customers to assist them in their global risk mitigation processes.

The WMBA and its member firms are in agreement with, and supportive of, the introduction of the OTF category under MiFIR as this proposed regime closely describes the current business model of WMBA members which has been successfully operational across global markets for over 50 years.

Goals / remit

Goals / remit of the organisation: Well functioning of OTC Derivatives and Energy/Emmissions/Commodity Derivatives markets. MiFID. Basle Accord.
The organisation's fields of interests are:
  • European
  • global

Number of persons engaged in activities falling under the scope of the Transparency Register

Number of persons: 7
Complementary information:

Persons accredited for access to European Parliament premises

No accredited persons

Activities

Main EU initiatives covered the year before by activities falling under the scope of the Transparency Register:


OTC Derivatives, Energy, Internal Market, Transparency, MiFID, Basle

Fields of interest for e-mail alerts on consultations and roadmaps;

Fields declared by the organisation:
  • Economic and Financial Affairs
  • Energy
  • Internal Market
  • Trade

Networking

Information on (i) organisation's membership of any associations/federations/confederations or (ii) relationships to other bodies in formal or informal networks.





Financial data

Financial year: 01/2011 - 12/2011
Estimated costs to the organisation directly related to representing interests to EU institutions in that year: < 50000  €
Amount and source of funding received from the EU institutions in financial year n-1 of registration
Procurement: 0 €
Grants: 0 €
Other (financial) information provided by the organisation:

EUR 90,000 - 120,000

Code of conduct

By its registration the organisation has signed the Transparency Register Code of Conduct.