LSEG’s UnaVista TRADEcho gains approval for EU and UK reporting
UnaVista TRADEcho will provide MiFID II and EMIR reporting in the EU and the UK.
Regulation
ESMA sparks concern with share trading Brexit plans
Major UK stocks including Vodafone and Coca-Cola would have to be traded within the EU in ‘no-deal’ Brexit scenario under the share trading obligation.
UBS fined £27.6 million for MiFID reporting failures
The FCA hands UBS largest MiFID transaction reporting fine to date after more than 130 million reports were found to be inaccurate.
Conditional orders and periodic auctions come out on top post-MiFID II
When it comes to seeking liquidity under MiFID II, a survey of senior traders has found that periodic auctions and conditional order types are the most useful.
Regulators turn to artificial intelligence for market surveillance challenges
Regulators and policymakers exploring AI for market surveillance face their own challenges around unstructured data use and retaining relevant talent.
Gresham, RegTek.Solutions partner on delivering new transaction reporting solution
Transaction reporting solution for buy- and sell-side firms aimed at fulfilling compliance requirements for EMIR, MIFIR, Dodd-Frank.
Regulatory bodies issue guidance on initial margin rules as industry continues to call for further amendments
Industry bodies including SIFMA, ISDA, ABA and GFMA criticise final initial margin thresholds, recommending raise to EUR/USD 100 billion.
ESMA chair wants objectivity, open minds for crypto-asset regulation
Steven Maijoor also talked down development of a bespoke regulatory regime for crypto-assets during keynote speech in Brussels.
BlackRock urges EU policymakers to protect midpoint trading
EU policymakers are looking to extend the tick size regime to SIs, periodic auctions and block trading venues, but the buy-side is concerned about the potential impact this could have on trading at the midpoint.
FCA chief: MiFID II research rules to save investors £1 billion in five years
Andrew Bailey told delegates at an event this week that the unbundling of commissions and research payments has been positive for the industry so far.