Tag: ESMA

Figures from ESMA show penalties issued in relation to breaches of MiFID II by regulators in Europe rose from €1.8 million in 2019 to €8.4 million in 2020. 

The European Securities and Markets Authority fined DTCC for seven data infringements relating to European Market Infrastructure Regulation (EMIR).

EU regulator says it plans to consult this summer on equity transparency after issues relating to the granularity and accuracy of its data were highlighted by a new report.

According to Oxera and the Association for Financial Markets in Europe (AFME), 83% of European equity trading takes place on venues, contrary to recently published data.

The new appointment will replace Verena Ross who worked with the European watchdog for a decade.

The European regulator cited blackouts at Euronext, the Tokyo Stock Exchange and the Australian Securities Exchange in its report. 

The EU watchdog will not renew the short selling reporting changes which are due to expire on 19 March, following an extension in December last year. 

Analysis from the UK’s regulator has said that dark trading, which the EU has restricted under MiFID II rules, can reduce costs for investors.

An analysis from the EU regulator revealed that the LIS waiver was most commonly used, with ETFs accounting for around 64% of the turnover executed under the waiver.

Following a beta launch last year, Pragma said that the deep-learning algorithms had improved execution quality by 33%.