European exchange group FESE rejects bid to shorten market hours
Nasdaq has backed FESE’s claims that reducing market hours is the wrong move and would have no impact on the wellbeing of traders.
Europe
Analysis of AMF data reveals largest ELP SI market shares in France
By cross referencing other market share data in Europe The TRADE reveals which ELP SIs were analysed by the AMF in the first quarter, and how they ranked in terms of market share.
Harmonisation across Europe key to shorter market hours proposal
Responses to the LSE’s consultation for shorter market hours in Europe highlight the need for all exchanges to make the move if benefits are to be fully realised.
French regulator says SIs contribution to transparency is very limited
Analysis by the AMF found just 22% of the amounts traded by SIs in the continuous trading phase are subject to pre-trade transparency.
Short selling bans lifted in Europe
Austria, Belgium, France, Greece, Italy and Spain have decided not to renew bans on short selling after restrictions were put in place in March.
Euronext extends consultation on shorter market hours
Market participants now have until 30 June to respond to Euronext’s market hours consultation due to the coronavirus pandemic disruption.
European Commission endorses CSDR push-back
The endorsement comes two months after the ESMA stated it would postpone enforcing the CSDR settlement discipline regime following an industry-wide lobby.
Buy-side rejects changes to dark trading and SIs under MiFID II review
Initial responses to the MiFID II review consultation reveal that asset managers are keen for a consolidated tape before any major changes to the rules are implemented.
ESMA rejects industry calls for changes to CSDR buy-in regime
Watchdog rejects appeal for an overhaul of key pillars of CSDR from over a dozen concerned trade bodies, including the Investment Association.
Short selling ban extended across Europe
Restrictions in short selling in Austria, Belgium, France, Greece and Spain have been extended despite warnings of unintended consequences.