Market outages are one area where UK and EU could collaborate amid divergence, says Cboe
According to Cboe Europe’s head of equities, ESMA and the UK are aligned in their approach to how venues should communicate outages to ensure market resiliency.
Europe
ESMA proposes changes to ‘burdensome’ MiFID II best execution reporting requirements
The markets regulator has set out proposed changes to streamline current MiFID II reporting requirements under RTS 27 and RTS 28.
ESMA recommends European Commission to delay controversial buy-in rules
Delay suggested to avoid a collision with the final EC legislative proposal for the review of CSDR and the expected entry into force of the current CSDR settlement discipline regime.
ESMA orders UnaVista to pay €238k for EMIR data breaches
The fine relates to eight breaches of the regulation surrounding the trade repository’s failure to ensure the integrity of data and give regulators direct and immediate access.
Trade associations implore EU regulators to extend UK CCP equivalence as deadline looms
Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
Citi expands new Paris trading floor with Europe markets head appointment
Markets head for Citigroup Global Markets Europe (CGME) will be Paris-based in line with Citi’s plans to make the new floor its main trading hub for Europe, the TRADE can reveal.
Cboe collaborates with SmartStream for newly launched European derivatives exchange
SmartStream’s reference data utility (RDU) has made Cboe Europe’s data available to its clients following its launch on 6 September.
State Street appoints electronic trading and prime brokerage expert as global markets head in Europe
Former global head of electronic trading sales and prime clearing at Baader Bank joins State Street as head of global markets for Europe.
In European equities size matters
Commerzbank, Deutsche Bank and Macquarie have all restructured or exited the equities market as larger institutions maintained their grip on market share.
Cboe gains Dutch regulatory approval for new derivatives market ahead of launch
The new Amsterdam based futures and options market at Cboe is expected to launch on 6 September.