EU watchdog raises concerns on third-party reliance after exchange outages in 2020
The European regulator cited blackouts at Euronext, the Tokyo Stock Exchange and the Australian Securities Exchange in its report.
Tag: ESMA
Tighter short selling reporting requirements to end this month
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.
Trading in dark pools and periodic auctions lowers execution costs, FCA paper concludes
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.
ETFs have highest percentage of turnover traded in the dark, ESMA report finds
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.
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%.
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.