LSEG chief rules out cross-border mergers in wake of ‘nationalistic focus’ on exchanges
Chief executive at LSEG, David Schwimmer, says nationalism has made potential mergers a challenge for the industry.
Europe
Financial Conduct Authority forms Brexit alliance with Dutch regulator
Several major institutions have opted to establish Dutch entities as the UK prepares to leave the European Union.
ESMA adjusts share trading obligation plans for no-deal Brexit to ease industry concerns
European regulatory watchdog revises approach to STO for 14 UK stocks after FCA raises alarm over liquidity and market fragmentation under a no-deal scenario.
Nasdaq bows out of Oslo Børs acquisition tussle
Withdrawal of offer for Norwegian stock exchange leaves open path for rival Euronext to complete acquisition.
CME’s BrokerTec to launch RFQ platform for European repo markets
New Request-for-Quote platform to launch in Q2 this year for European market participants.
MiFID II having negative impact on European equity liquidity sourcing
Sourcing European equity liquidity continues to prove troublesome for asset managers under the new regulatory regime.
Euronext closes in on Olso Børs acquisition
Group’s shareholders unanimously approve acquisition of Oslo-based exchange after receiving clearance from Norwegian Ministry of Finance.
Major banks fined over €1 billion for role in FX trading cartel
European Commission has fined Barclays, RBS, Citigroup, JP Morgan and MUFG a total of €1.07 million for involvement in FX trading cartel.
Nasdaq appoints president of European markets
Nasdaq veteran Bjørn Sibbern will take on the new role overseeing trading, clearing and settlement in Sweden, Denmark, Finland, Iceland and the three Baltic countries.
Baillie Gifford targets European growth with new Frankfurt office
Baillie Gifford has established a new office in Frankfurt, making it the first client office in mainland Europe for the UK asset manager.