The European Commission has released an updated version of the Market Abuse Directive (MAD), splitting the original MAD into a regulation and a directive that gives member states the power to impose criminal sanctions.
Borsa Italiana, the Italian stock exchange owned by the London Stock Exchange Group, has detailed plans to move its equities matching engine back to Milan as part of a technology overhaul.
BATS Global Markets, the Kansas-based market operator, has received provisional approval from the UK’s Competition Commission, to complete its acquisition of pan-European multilateral trading facility Chi-X Europe.
The European Commission has officially adopted its long-awaited MiFID II proposals, which it says will increase transparency, lead to more robust market infrastructures and take account of technological innovation in financial markets.
The Australian Securities and Investments Commission is looking to introduce new rules on pre-trade transparency and dark pools as part of the second stage of its reforms to the country's market structure.
ConvergEx Group, a US-based trading technology firm, has launched Spectrum, a new algorithm designed to give portfolio traders the benefits of executing in the dark, while allowing them to maintain their required cash and sector balances.
European market participants should be prepared for significant cost rises across their derivatives businesses following the introduction of the European market infrastructure regulation, according to a new report from research consultancy Celent.
The global regulatory push towards bringing over-the-counter derivative transactions into central clearing counterparties has piled pressure on dealers in Japan to upgrade infrastructure that is currently unable to cost-effectively provide sufficient visibility and risk management, says Andrew Gordon, head of BNY Mellon’s broker-dealer services business in Asia Pacific.
Net short selling positions will need to be disclosed in Hong Kong under proposed rule changes, but the financial watchdog denies shorting has been the cause for present turmoil in the Special Administrative Region's markets.