Industry bodies step up call for delay to CSDR buy-in regime
Both buy- and sell-side firms agree the mandatory buy-in regime will have significant negative implications on Europe’s capital markets.
Europe
Trade associations outline key priorities for MiFID II review
The MiFID II SI regime, best execution reporting, market data costs and the share trading obligation were among the areas the EFSA has urged authorities to prioritise.
Heading for the close
As volumes seemingly continue to migrate towards the end of the trading day, Hayley McDowell investigates the rise of closing auctions in Europe and its impact on continuous trading for asset managers.
ESMA given new powers to increase cross-border supervision
The EU authority’s new powers include increased oversight of third-country equivalence assessments working alongside the European Commission.
ESMA study finds circuit breakers significantly widen bid-ask spreads
Immediately after circuit breakers are triggered, a study from ESMA finds that calmer trading conditions come at the cost of higher spreads.
The only game in town
Following the removal of Swiss equivalence in the European Union in July last year, Hayley McDowell examines the fallout of the political development and finds buy-side traders are benefitting from the substantial shift in market structure.
Eaton Vance establishes Dublin office amid Brexit uncertainty
Boston-based Eaton Vance launched the Dublin office in response to demand for increased support in Europe ahead of Brexit.
Fidelity Investments to launch crypto trading business in Europe
After launching the business in the US last year, Fidelity Investments will establish crypto trading and custody services for European institutional investors.
Reports of suspicious transactions and orders surge under MAR
ESMA has called for greater supervision of STORS under MAR, as number of reports from firms surged 130% in 2017.
London Stock Exchange begins consultation on shorter equity trading hours
Following calls from the industry to reduce trading hours in Europe, the LSE has started a consultation and is accepting responses until the end of January.