Buy-side looks to keep location of trading desks in spite of Brexit
Study by Liquidnet found that 87% are not looking to relocate trading desks ahead of the UK’s departure from the EU, but this could be temporary.
Europe
Brexit to bolster buy-side hiring in non-UK locations
State Street survey of 250 asset managers finds that more than half plan to hire new staff in locations established outside of the UK.
Spain and Slovenia risk fines for non-compliance with MiFID II
Both countries face the Court of Justice for failing to implement MiFID II regulation.
DTCC rolls out Brexit plan with new Dublin office
DTCC is the latest post-trade market infrastructure planning to move its European operations from London to Ireland.
ESMA mulls applying tick size regime on third countries as Brexit looms
Third country instruments may have to comply with tick size regime as ESMA looks to protect venues inside the European Union.
ESMA warns UK firms planning to relocate over ‘no deal’ Brexit
European regulator warns market participants over authorisation deadline for Brexit relocation.
MiFID II: Six months in and what’s changed?
The TRADE looks at how the industry has adapted to the new trading environment and the major issues facing market participants following the implementation of MiFID II six months ago.
UK MP: No bonfire of financial regulations post-Brexit
UK will not throw away European financial regulations after departing European Union according to UK economic secretary.
INTL FCStone launches European equities desk
INTL FCStone is the first firm to establish a European equities desk since the implementation of MiFID II regime.
Citi expands Asia OTC clearing role to include Europe
TJ Treadwell to take on responsibility for EMEA OTC clearing in addition to current APAC remit.