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.
Regulation
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.
Moving towards the light
Have trading volumes moved onto lit venues following MiFID II’s restrictions on dark trading and the rise of systematic internalisers? Hayley McDowell examines.
UBS fined $4.5 million for record keeping failures
Hong Kong financial watchdog fines UBS after it failed to produce transaction and client consent records.
Beyond MiFID II: LSEG focusing on the future
Brian Schwieger, global head of equities products at London Stock Exchange Group (LSEG), talks to The TRADE about the group’s impressions of the early days of MiFID II and its initiatives for the rest of 2018.
BNY Mellon’s MiFID II advisor appointed regulatory affairs head at WFE
Richard Metcalfe joins WFE as head of regulatory affairs, replacing Gavin Hill who will join the compliance team at the London Metal Exchange.
Dark pools hit by MiFID II caps after delay
European watchdog releases figures for January and February on double volume caps after delaying initial publication due to insufficient data.
NYSE penalised $14 million for 2015 market outage
Trading on NYSE was shut down for nearly four hours in July 2015 following technical issues.
MIFID II: The story since January
The introduction of MiFID II on 3 January this year was a true watershed moment for the industry, designed to usher in a new era of transparency and fairness to financial markets, but has anything changed so far for the buy-side?
Ex-derivatives trader at Deutsche Bank fined £180k for Libor scheme
Former Deutsche Bank trader Guillaume Adolph fined £180,000 and banned from industry by the FCA.