The exchange operator has said Brussels' consolidated tape revenue regime neglects pan-European venues including Cboe NL, which it claimed was the largest EU lit book.
Leading global banks settle case of “Sterling Lads” FX trading cartel with reduced fines after their co-operation helped the Commission's investigation.
The association said the European Commission’s definition of PFOF in its MiFID II amendments is vague and leaves potential loopholes for those trying to skirt the new rules.
New initiative aims to foster a new culture that is not constrained by traditional exchange frameworks.
The European Commission and ESMA have overhauled the MiFID II and MiFIR regulations including moves to reduce dark volume caps to 7% and discourage volumes from SIs.
Mandatory buy-in regime could be delayed by up to 2-3 years, but prepare just in case, says industry expert
The buy-side are being urged to prepare for the introduction of the mandatory buy-in regime, despite there being potential for a two-to-three-year delay in the controversial aspect of a new regulation.
European Commissioner intends to minimise short-term risk of disruption through the extension.
Speaking at TradeTech 2021, head of equities at Premier Miton warned that too much regulatory divergence could lead to friction caused by a fragmented liquidity landscape.
The SEC's investigation into the market volatility caused by trading in GameStop stock back in January, raises questions about the market efficiency of short selling and the possible effects of acute margin calls on thinly-capitalized broker-dealers.
The last time closing times were extended was in 1954, when they changed from 14:00 to 15:00 local time.