Former Deutsche Bank traders convicted for Libor rigging scheme
Matthew Connelly and Gavin Campbell Black have been convicted by the US Department of Justice for Libor manipulation.
Regulation
SEC overturns Nasdaq and NYSE data fee hike
US regulator rules in favour of SIFMA’s challenge of its support in market data fee increases at Nasdaq and NYSE.
Block trading in Europe sees €8.1billion value traded record
Value traded of block trading in Europe saw record highs last week, led by Liquidnet, ITG POSIT, Cboe LIS and Turquoise Plato.
CME gains regulatory approval for NEX takeover
US Department of Justice and the UK’s FCA give green light for CME Group’s acquisition of NEX Group.
Goldman Sachs, Liquidnet and Bloomberg called out in first MiFID II data indicators from ESMA
First data completeness indicators for double volume caps from ESMA reveal Goldman Sachs, Liquidnet and Bloomberg had highest amount of incomplete data submissions.
Decision on tightening of periodic auctions due in coming months as MiFID II loophole concerns linger
ESMA will publish its findings on periodic auctions in the coming months and will make a decision on whether to recommend changes to how they operate.
Prime broker to fight £400,000 FCA fine for market abuse
Linear Investments maintains there were no instances of market abuse that went undetected or unreported.
Trading venues face increased scrutiny on “unsatisfactory” MiFID II data submissions
ESMA will publish performance indicators on data submitted by trading venues for the double volume caps and bond liquidity assessments under MiFID II.
Mizuho Bank fined $250,000 for spoofing futures markets
Mizuho Bank has settled charges with the CFTC after one of its traders carried out spoofing in US Treasury and Eurodollar futures markets.
EC agrees to apply tick size regime to SIs, but with an amendment
European Commission agrees to extend the tick size regime to SIs, as long as it is limited to shares and depositary receipts only.