Regulation

The open access regime for exchange traded derivatives will be scrapped in the UK but it will continue to support the regime for the equity and OTC derivatives markets.

CSDR eligibility and penalty data looks to solve one of the major CSDR challenges - the sourcing of eligibility data.

A consultation has been opened that could see MiFID II requirements around research and best execution scrapped in the UK’s latest regulatory divergence from Europe.

Deutsche Bank blew the whistle on the cartel and so was not fined alongside Bank of America, Credit Agricole and Credit Suisse despite having traders active in the scheme.

Proposed reforms to the UK capital markets include the removal of the share trading obligation and the controversial double volume caps for dark trading.

Approval from the US Senate follows the appointment of Gary Gensler as chairman of the SEC in January earlier this year.

High demand for cloud-based compliance technology and remote working conditions brought on by the pandemic were key drivers for SteelEye to expand into US.

Heath Tarbert joins the market maker shortly after leaving the Commodities Futures Trading Commission (CFTC) at the end of January.

The agreement follows months of stalemate in discussions between the two entities regarding UK-EU equivalence across the financial markets.  

Research by Greenwich Associates found that only 44% of US buy-side firms thought the SEC’s proposed ruling on electronic treasury trading venues would benefit the market.