Dutch Authority for Financial Markets and London Stock Exchange Group are both developing agent-based simulation environments for testing.
Buy-side firms could face increased scrutiny of their trading practices under new supervisory guidelines
New guidelines published by ESMA and the European Banking Authority will allow for an assessment used to take supervisory measures to address risks and concerns among investment firms.
The amendments come as part of the EU’s objective to meet the UN Sustainable Development Goals, but data suggests many firms are struggling to meet the compliance requirements.
A federal court has ruled that the SEC’s decision to approve a controversial type of market order from IEX Group was lawful, in the latest twist of the Flash Boys drama.
Latest Mifid II amendments recommend a four-week deferral time for post-trade reporting on large bond transactions – but is it enough, given the current drought in fixed income liquidity?
Following the recent dismissal of the so called ‘Flash Boys Case’ made against exchanges for favouring high frequency traders, Annabel Smith explores how Michael Lewis’ original novel has shaped the market... and why it drove asset managers to take legal action.
The regulator has updated its Q&As on Mifid II and Mifir market structure topics to clarify guidance on automated trading functionalities and compliance when using third party systems.
A new draft report on Mifid II amendments confirms plans to ban payment for order flow (PFOF) in Europe, as well as removing dark pool caps and supporting a pre-trade consolidated tape, among others. The TRADE explores these legislative updates in detail to provide a comprehensive summary of the proposed changes.
Supervisory authorities set out potential measures to protect resilience among critical third parties
A discussion paper released by the Bank of England, Prudential Regulation Authority and the Financial Conduct Authority looks to combat financial stability concerns related to third-party service providers.
The financial regulatory body will utilise Level 3 data and analytics from BMLL to better understand how markets behave.