Mifid post-Brexit: The current state of play
Following recent regulatory milestones in the UK and Europe, The TRADE explores Mifid II’s current state of play on either side of the channel.
Europe
Liquidnet partners with TP ICAP Midcap to improve block liquidity in small and mid-cap equities
The pair aim to increase block liquidity in European SMEs using their combined networks and technology, The TRADE can reveal.
TradeTech 2023: How can the sourcing of liquidity be streamlined?
With the UK and Europe’s poor liquidity landscape being agreed upon unanimously, panellists discussed a potential consolidated tape as a means to improve liquidity.
The TRADETech Daily launches in Paris with official guide to the event!
The magazine features exclusive interviews, insights, and the official accompanying event agenda.
Ongoing Mifir Review and regulatory complexity is harming liquidity in Europe, says AFME
Industry association warns regulators that the ongoing Mifir Review could risk holding back EU equity markets; is calling for a diverse range of trading mechanisms in Europe.
European trading volumes heading ‘anywhere but the primary’, finds Liquidnet report
In its latest liquidity landscape report, Liquidnet finds entrenched themes such as the move away from the lit markets and the migration to the Close became increasingly pronounced last year.
ESMA confirms changing scope of multilateral trading definition including request-for-quote and execution management systems
The conclusion comes as part of a consultation on the scope of a multilateral trading venue launched by the EU watchdog in January last year to level the playing field.
‘City is defining the rules of Continental Europe more than ever post-Brexit’, says Euronext cash and derivatives head
European regulators have made several U-turns in the last few months, in particular around their stance on systematic internalisers and dark trading, that mimic UK proposals.
Cboe Clear Europe becomes first non-UK CCP to receive permanent UK recognition
The European CCP had previously been operating under the UK’s Temporary Recognition Regime following the end of the UK and the EU’s transition period in 2020.
Falling European SI volumes shows traders’ changing approach to risk during volatility, survey finds
big xyt survey suggests systematic internaliser (SI), continuous and dark trading volumes are all falling at the hands of the off-book negotiated trades segment.