EU trading obligation sparks Brexit stalemate for derivatives market
ESMA will uphold its approach to derivatives trading obligation requiring activity take place on venues within the EU once Brexit transition period ends.
Europe
Goldman Sachs to launch SIGMA X MTF in Paris as post-Brexit venue
The SIGMA X Europe MTF will go live prior to 4 January to service European clients Goldman Sachs has confirmed.
Euronext shareholders unanimously vote in favour of Borsa Italiana deal
More than 99.9% of shareholder votes cast at the Euronext general meeting were in favour of its proposed takeover of LSEG’s Borsa Italiana.
Barclays fixed income SI traded more than major bond MTFs in 2019, ESMA report reveals
Barclays Bank SI was not only the largest SI in 2019 but also the largest venue in the bond market, ESMA’s EU market securities report stated.
Goldman Sachs SI dominated European equity trading landscape in 2019, ESMA report reveals
Statistical analysis from ESMA has revealed the Goldman Sachs SI was the largest in Europe and the second largest venue in 2019 after Cboe Europe’s MTF.
UK grants EU equivalence as Brexit transition period nears end
Various industry associations have welcomed the UK’s equivalence decisions in a move that aims to provide certainty to firms.
ESMA prepares for no-deal Brexit with plans to delay MiFID II calculations
The period of suspension will include essential MiFID II calculations including DVCs, SI regime, and bond liquidity determination.
Industry associations renew calls for EU tape after major study
EFAMA and EFSA have said a consolidated tape would not help with issues relating to market data costs as they back recent study from Market Structure Partners.
Citadel and Citadel Securities open Paris office in European expansion
With the office in Paris, Citadel and Citadel Securities will have 18 offices across North America, Europe, and Asia-Pacific.
UK allows firms to trade on EU venues in ‘simple’ approach to share trading obligation
The FCA has outlined its approach to the share trading obligation and will maintain access to EU venues for UK market participants.