The MoU, however, will not make any decisions around the adoption of equivalence or deal with access of UK-based firms to the single market or EU firms’ access to the UK market.
Tag: European Commission
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.
Watchdog has concerns that between 2005 and 2016 the banks exchanged commercially sensitive information and coordinated their EEA bonds pricing and trading strategies.
Regulatory package put forward today by the European Commission is intended to reduce EU participants reliance on CCPs outside of the Bloc and repatriate clearing volumes.
The head of the securities markets unit at the European Commission has strongly urged for a reduction in deferral times to make the tape commercially viable, while also discussing the possible inclusion of pre-trade data.
US and European regulators look set to be taking starkly different stances on the contentious practice of paying for order flow.
Panellists speaking at a panel hosted by The TRADE at the London Stock Exchange were less than excited by the UK’s tape proposal in comparison with that put forward by Europe.
The company says it’s working with 10 institutions including Norges Bank Investment Management, Deutsche Bank, Citadel Securities and UBS to finalise its tape prototype.
Industry association has hit out against proposed changes to the systematic internaliser regime in equities and transparency thresholds in fixed income.
Latest liquidity landscape report from Liquidnet found that 74% of volumes in STO stocks took place on EMEA-based venues in January.