Buy-side split on MiFID II liquidity impact
New survey reveals buy-side is evenly split on whether to increase, reduce or sustain the number of liquidity venues they connect to.
Regulation
ESMA tightens unbundling rules for sell-side
Sell-side must be able to explain and justify pricing of research for unbundling.
ESMA clarifies SI networking position
ESMA outlines details of MiFID II’s systematic internaliser rules in latest Q&A.
MisSIon impossible
MiFID II’s systematic internaliser regime has been forced into the spotlight as market participants stand in fear of its impact. Hayley McDowell unravels the story of the regime and asks market experts about the possible unintended consequences.
ESMA scales back best execution reporting plans for 2018
Reporting for best execution may not be full and complete in first year of MiFID II’s implementation.
Ex-Citi traders fined $550k for spoofing US treasury future markets
Fines follow Citi’s $25 million penalty for spoofing US treasury futures markets in January this year.
EU Commission to address MiFID II systemic internaliser loophole
Commissioner Valdis Dombrovskis outlines plans to shut down trading loophole under MiFID II.
Jefferies banker fined for sharing info on WhatsApp
Former banker admitted sharing information on clients with friends via messaging app.
ESMA tightens benchmark rules
Final benchmark regulatory text has been submitted to the European Commission for approval within three months.
MiFID unbundling and best ex set to have global impact
Industry experts warn MiFID II rules will have global impact at The TRADE's pop-up event in New York this week.