Data centre moves by Euronext and SIX Swiss Exchange could increase implicit costs by allowing larger firms with faster connections to take advantage, says Cowen’s James Baugh.
Latest assessment report finds that Russia’s invasion of Ukraine has amplified existing risks and increased vulnerabilities across the financial sector.
A series of MiFID II review roadshows around Europe will deliver targeted and comprehensive discussions and debates on the upcoming changes most relevant to the industry.
The research found that competition for the provision of investment research has decreased due to MiFID II, with bulge-bracket providers dominating.
Executives from LCH, SIX, EuroCCP and Eurex populated a panel at the PostTrade 360 event in Stockholm last week to discuss the current state of affairs in the UK and European clearing markets.
Integration will offer additional market structure visibility and provide clients with access to liquidity opportunities, Cowen said.
The firm aims to help asset managers reduce FX costs and burdens associated with FX execution and rolling hedging requirements through its FX marketplace.
The desk will act as an intermediary between banks’ capital markets teams and Amundi’s portfolio management teams.
Regulators confirmed plans earlier this year to consult on the potential extension of a select few CCPs until the end of June 2025.
Alongside its discouragement of a real-time tape, the federation has also suggested limiting systematic internaliser equity trading to above large in scale only.