A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.
Tag: MiFID II
A derivatives component has been added to the SmartStream SI registry before the MiFID II SI regime for derivatives is enforced later this month.
The European regulatory watchdog has seemingly countered claims that unbundling has harmed research coverage and quality.
The AFM stated in a recent report the overall sentiment is that MiFID II has not yet delivered its goals in fixed income markets, and should be considered a work in progress.
ESMA has made several recommendations in its report on the MiFID II review, but a poll from Rosenblatt Securities suggests the buy-side is not quite on the same page as the regulator.
MiFID II unbundling and best execution reporting requirements will be scaled back under new recovery package from the European Commission.
Analysis by the AMF found just 22% of the amounts traded by SIs in the continuous trading phase are subject to pre-trade transparency.
The European Fund and Asset Management Association said a lack of enforcement on costs of market data has been detrimental to consolidated tape efforts.
Robert Barnes, CEO of LSEG’s Turquoise, tells The TRADE there has been an underlying change in how business is getting done.