Regulation

Europe’s share trading obligation has proved controversial as the UK Brexit transition period is due to end on 31 December.

The two no-action letters will offer swap transaction and pricing data reporting relief to clearing organisations transitioning to SOFR.

The exchange's contingency plan will come only into play if equivalence decisions to allow cross-border services between the UK and the EU are not agreed upon.

A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.

The US Department of Justice, CFTC, and SEC confirmed parallel actions against JP Morgan resulting in a record penalty for the years-long spoofing and manipulation activity.

A known design flaw in an audio preservation system at Citi saw 2.77 million audio files, some of which had been subpoenaed by the US CFTC, erased.

SteelEye CEO, Matt Smith, told The TRADE the implementation took just three months and was completed in July this year.

Three UK clearing houses will be recognised as third country CCPs under EMIR while the European Commission’s temporary equivalence decision is in place.

Institutional and retail investors in the UK can now use the Gemini platform to trade digital assets, and access market data and custody services.

Further analysis is required once the review of the FX Global Code of Conduct is finalised before spot FX is included under the market abuse rules, ESMA has said.