SEC grants three-year extension to MiFID II relief period
The US securities watchdog has extended the relief period to July 2023, after stating it needs more time to evaluate the impact of unbundling under MiFID II.
Tag: MiFID II
ESMA considers expansion of MAR to include spot FX market
Spot FX is currently out of scope of MiFID II and MAR, but ESMA is contemplating bringing the market in scope of the market abuse rules.
FCA finds research unbundling has saved equity investors £70 million under MiFID II
Industry review from UK regulator finds positive results since MiFID II implementation with no negative impact to research access for small-to-mid caps.
Asset managers wary of potential new regulatory reporting regime
Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD.
Asset managers pressured to enhance oversight of outsourcing partners
Regulatory pressures on asset managers to oversee and govern their outsourcing service providers has become a challenge for the buy-side.
Americas
Research unbundling crosses the Atlantic as US asset managers embrace change
TABB Group report finds large US equity asset managers are increasingly turning to research unbundling for cost savings and focus on best execution.
Equities
Dark trading volumes reach highest level under MiFID II
An analysis from TABB Group has found dark trading volumes are the highest since MiFID II was introduced, despite summer slowdown.
Morgan Stanley tops US equities broker league for commissions
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
US buy-side commission pool plummets as MiFID II and rise of passive investing bites
TABB Group finds that the buy-side’s US commission pool has declined 42% since 2015.
Buy side
Hedge funds doubling down on algos
The 2019 algorithmic trading survey finds that brokers are stepping up to the plate in the post-MIFID II landscape to provide consistent execution to hedge fund firms that are more knowledgeable and discerning than ever before.