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.
The consultation paper seeks industry feedback on the market impact of requirements relating to algorithmic trading under the MiFID II regulations.
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.
The new chair of ESMA will take up the role in April 2021 once Steven Maijoor steps down.
ESMA will uphold its approach to derivatives trading obligation requiring activity take place on venues within the EU once Brexit transition period ends.
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.
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.
The period of suspension will include essential MiFID II calculations including DVCs, SI regime, and bond liquidity determination.
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.
The FCA has outlined its approach to the share trading obligation and will maintain access to EU venues for UK market participants.
Europe’s share trading obligation has proved controversial as the UK Brexit transition period is due to end on 31 December.