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.
Europe
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.
LiquidityBook opens London office as MiFID II prompts new business
New office in Holborn to serve growing client base as firm sees growing demand for platform ahead of MiFID II.
Goldman acquires space for 1,000 staff in Frankfurt as Brexit looms
Bank's plans to expand staff in Frankfurt stokes fears of severe job cuts in London.
Fixed income venues warn MiFID will “drive business out of EU”
Letter to ESMA from major fixed income venues claims transparency rules will drive non-MiFID firms onto unregulated venues in Asia and North America.
Firms call on ESMA to review large-in-scale trading obligation
Proposals to force some derivatives trades on-venue could cause problems for large trades.
Euronext takes minority stake in LCH SA as part of clearing deal
Deal gives Euronext members 10-years of clearing certainty.
Increased trading activity sees Euronext revenue grow
Improving political and economic situation in European Union drives trading activity on Euronext’s markets.
Citi expected to move UK sales and trading roles to Frankfurt
Move could see hundreds of jobs leave London.