A delay of the controversial buy-in rule continues to be considered, but without any action, unrest is setting in among market participants as deadline for implementation looms.
According to Cboe Europe’s head of equities, ESMA and the UK are aligned in their approach to how venues should communicate outages to ensure market resiliency.
The markets regulator has set out proposed changes to streamline current MiFID II reporting requirements under RTS 27 and RTS 28.
Delay suggested to avoid a collision with the final EC legislative proposal for the review of CSDR and the expected entry into force of the current CSDR settlement discipline regime.
The fine relates to eight breaches of the regulation surrounding the trade repository’s failure to ensure the integrity of data and give regulators direct and immediate access.
Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
Markets head for Citigroup Global Markets Europe (CGME) will be Paris-based in line with Citi’s plans to make the new floor its main trading hub for Europe, the TRADE can reveal.
SmartStream’s reference data utility (RDU) has made Cboe Europe’s data available to its clients following its launch on 6 September.
Former global head of electronic trading sales and prime clearing at Baader Bank joins State Street as head of global markets for Europe.
Commerzbank, Deutsche Bank and Macquarie have all restructured or exited the equities market as larger institutions maintained their grip on market share.