EFAMA welcomes European exchanges’ proposal on consolidated tape
The funds association thinks the move will improve best execution, but warns that “the devil will be in the detail”.
Tag: EFAMA
ISDA, AIMA, EFAMA and FIA warn against possible negative impact of EU’s proposed EMIR amendments
While acknowledging potential benefits of the European Commission’s latest proposals, the associations noted that the changes could make EU firms less competitive and have a negative impact on the derivatives market.
Data
Battle lines are drawn over European consolidated tape plans
Cboe, AFME, EFAMA and BVI have drafted their position on how they think a consolidated tape should be implemented in Europe; the German finance ministry is reportedly leading the opposition.
Buy-side institutions slam ‘disconcerting’ proposed equities consolidated tape revenue model
Asset manager members have written to politicians criticising current plans for the winning equities tape bidder to be the one that offers the highest returns to regulated markets.
European funds post record growth despite economic headwinds
The latest data from the European Fund and Asset Management Association (EFAMA) shows the highest growth on record for equity fund sales, despite concerns over interest rate rises.
Trading associations hit out at European Commission’s consolidated tape revenue scheme
Among the concerns raised are renumeration plans for compensating data contributors to a tape and the ongoing issue of market data costs.
Europe
Trade associations implore EU regulators to extend UK CCP equivalence as deadline looms
Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
EFAMA appoints Candriam chief as president
APG Investment Management’s chief investment officer and Natixis Investment Managers chief operating officer have been appointed as vice presidents to Abou-Jaoudé.
Industry associations renew calls for EU tape after major study
EFAMA and EFSA have said a consolidated tape would not help with issues relating to market data costs as they back recent study from Market Structure Partners.
European asset managers pursue consolidated tape in MiFID II review
The European Fund and Asset Management Association said a lack of enforcement on costs of market data has been detrimental to consolidated tape efforts.