ESMA delays extension of tick size regime to SIs due to coronavirus
European regulators have been told not to prioritise supervision of the changes to systematic internalisers amid the coronavirus pandemic.
Tag: SIs
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.
Vela expands systematic internaliser data feed with IMC
Vela’s data feed handling service aims to consolidate fragmented liquidity in Europe.
Industry slams regulatory ploy to shift trading volumes to lit venues
Market participants at TradeTech have agreed that trading volumes have failed to shift to lit venues under MiFID II, but the regulation has led to unintended positive developments in the form of periodic auctions.
ELP SIs gain ground with record volumes in February
Market maker-operated systematic internalisers are winning market share now more than a year into the MiFID II regime.
Buy-Side
BlackRock urges EU policymakers to protect midpoint trading
EU policymakers are looking to extend the tick size regime to SIs, periodic auctions and block trading venues, but the buy-side is concerned about the potential impact this could have on trading at the midpoint.
Trading Venues
The ELP SI Debate
As the industry continues to adapt following the implementation of MiFID II, Hayley McDowell sits down with Ben Springett from Jefferies, Matthew McLoughlin of Liontrust & Jonathan Finney from Citadel Securities, to discuss how the buy-side and brokers are interacting with market maker systematic internalisers.
XTX Markets opts for Paris European base post-Brexit
XTX Markets will operate its European equities systematic internaliser out of the new Paris office.
Itiviti connects to Hudson River systematic internaliser
Itiviti’s clients will gain access to Hudson River’s liquidity through its systematic internaliser.
EC agrees to apply tick size regime to SIs, but with an amendment
European Commission agrees to extend the tick size regime to SIs, as long as it is limited to shares and depositary receipts only.