MiFID II sees more than 60% of UK-fund managers reduce broker lists
Survey of UK-based fund managers focusing on small and mid-sized companies suggests MiFID II has negatively impacted liquidity and research coverage.
Regulation
Asian authorities up Stock Connect daily quotas
Regulators in China and Hong Kong agree to increase the daily quotes for both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes.
UBS MTF lists more than 50 stocks suspended by MiFID II DVCs
Bans will be implemented over a six month period, effective from 13 April, but capped instruments remain available for trading under LIS waiver.
FCA targets MiFID II compliance in latest business plan
MiFID II compliance with best execution, unbundling and payment for order flow are among the rules the FCA will be looking at this year.
FCA pursues annual ‘value for money’ assessment from buy-side
FCA enforces annual assessment despite concerns around sensitive information and the time frame having been raised.
The Big Interview: Larry Tabb
TABB Group founder and research chairman, Larry Tabb, gives his view on the future of the buy-side, how MiFID III could come about and the rise of cryptocurrencies.
MiFID II tick size regime sees increase in certain transaction costs
The French financial regulator has found MiFID II’s tick size regime has widened the spread on certain transactions and impacted HFT market makers.
ESMA moves forward with SI tick size regime amendment
ESMA to enforce SI tick size regime and intends to address escalating market data costs imposed by exchanges highlighted by market participants.
ESMA warns on FICC MiFID II research pricing
MiFID II research pricing war has seen price of fixed income research plummet as banks compete against each other.
BAML fined $42 million for ‘masking’ electronic order routing
BAML made agreements with HFT firms including Citadel Securities and Two Sigma to secretly route client orders.