Pragma integrates AI deep-learning technology with equity execution algorithms
Following a beta launch last year, Pragma said that the deep-learning algorithms had improved execution quality by 33%.
Tag: ESMA
ESMA withdraws the registrations of four UK-based trade repositories
Following the UK’s exit from the EU ESMA has retracted the registrations of six credit rating agencies and four trade repositories.
FCA amends derivatives rules to avoid Brexit disruption
The temporary changes made by the UK watchdog were an attempt to prevent the catastrophic disruption of the $50 trillion derivatives market.
ESMA reports huge €78 million increase in market abuse sanctions in 2019
The EU regulator said that a total of €88 million in fines relating to 339 actions under the market abuse regulation were imposed in 2019, up from €10 million in 2018.
ESMA opens consultation on impact of algorithmic trading under MiFID II
The consultation paper seeks industry feedback on the market impact of requirements relating to algorithmic trading under the MiFID II regulations.
European Commission launches consultation to review CSDR and buy-in regime
The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.
Shortlist for chair of EU markets watchdog position revealed
The new chair of ESMA will take up the role in April 2021 once Steven Maijoor steps down.
Derivatives
EU trading obligation sparks Brexit stalemate for derivatives market
ESMA will uphold its approach to derivatives trading obligation requiring activity take place on venues within the EU once Brexit transition period ends.
Barclays fixed income SI traded more than major bond MTFs in 2019, ESMA report reveals
Barclays Bank SI was not only the largest SI in 2019 but also the largest venue in the bond market, ESMA’s EU market securities report stated.
Goldman Sachs SI dominated European equity trading landscape in 2019, ESMA report reveals
Statistical analysis from ESMA has revealed the Goldman Sachs SI was the largest in Europe and the second largest venue in 2019 after Cboe Europe’s MTF.