MiFID II periodic auctions survive intense regulatory scrutiny
ESMA’s final report on periodic auctions says venues are not used to evade MiFID II dark trading rules, as fears of outright ban are dampened.
Regulation
Banks handed further fines in Switzerland for FX trading cartel
Swiss competition authority has fined Barclays, Citigroup, JP Morgan, RBS & MUFG a combined CHF 90 million for its role in rigging the FX spot market.
Financial Conduct Authority forms Brexit alliance with Dutch regulator
Several major institutions have opted to establish Dutch entities as the UK prepares to leave the European Union.
New securities financing rule could give unwanted visibility into the buy-side’s trading book
Funds have raised concerns that SFTR requirements on collateral re-use will provide full view of trading book.
ESMA adjusts share trading obligation plans for no-deal Brexit to ease industry concerns
European regulatory watchdog revises approach to STO for 14 UK stocks after FCA raises alarm over liquidity and market fragmentation under a no-deal scenario.
MiFID II having negative impact on European equity liquidity sourcing
Sourcing European equity liquidity continues to prove troublesome for asset managers under the new regulatory regime.
LCH RepoClear appoints UnaVista as trade repository ahead of SFTR implementation
LSEG units announce new deal for reporting of Securities Financing Transactions ahead of new regulations due in April next year.
Major banks fined over €1 billion for role in FX trading cartel
European Commission has fined Barclays, RBS, Citigroup, JP Morgan and MUFG a total of €1.07 million for involvement in FX trading cartel.
Dark pool trading volumes surge to pre-MiFID II levels
Analysis by TABB Group finds that dark pools volumes reached the largest share of on-exchange in April since before MiFID II was implemented.
TradeTech 2019: The key takeaways
The rise of artificial intelligence and new data sets dominated discussions at this year’s conference, while Brexit casts a long shadow over future plans.