Bans will be implemented over a six month period, effective from 13 April, but capped instruments remain available for trading under LIS waiver.
Have trading volumes moved onto lit venues following MiFID II’s restrictions on dark trading and the rise of systematic internalisers? Hayley McDowell examines.
European watchdog releases figures for January and February on double volume caps after delaying initial publication due to insufficient data.
Block trading volumes have seen considerable growth since MiFID II came into force on 3 January.
Industry sees first major regulatory hurdle as ESMA cites insufficient data as reason for delay to dark trading requirements.
Dark trading negatively affects the market at 11% and 17% of market turnover, yet MiFID II’s proposed dark pool caps are set at 4% and 8%.
New report reveals the majority of stocks across Europe will hit the MiFID II dark trading cap come January 2018, with FTSE 100 hit hardest.
Survey finds traders do not believe MiFID II will not necessarily see them trade large block sizes.
‘Internal preferencing’ cited as biggest concern with bank-run dark pools, according to poll at TradeTech.
NASDAQ to oversee Goldman Sachs’ day-to-day dark pool operations.