The TRADE’s best of 2018: Regulation
John reviews the best of The TRADE’s coverage of regulatory issues over the past 12 months.
Tag: Systematic Internalisers
Instinet adds XTX Markets to SI aggregator in latest liquidity streaming deal
XTX Markets joins Virtu Financial, Sun Trading and SSW Market Making as liquidity providers on Instinet’s SI aggregator platform.
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.
Thomson Reuters provides MiFID II SI reporting with analytics platform
The RTS 27 Now tool for MiFID II will help banks considered to be SIs meet the December reporting deadline.
Buy-side warming to Virtu Financial’s SI, chief says
Virtu Financial CEO Doug Cifu outlines growth of its systematic internaliser and targets further growth of the service in Europe.
Market maker SIs execute almost €30 billion in first quarter
Research found that around half a billion euros is traded a day on systematic internalisers operated by electronic liquidity providers.
ESMA delays systematic internaliser regime for derivatives
SI calculations for derivatives will now be published on 1 February 2019 as ESMA blames incomplete and insufficient data.
Regulation
Steven Maijoor: ESMA to target periodic auctions and SI regime
ESMA chair Steven Maijoor says watchdog is carrying out a ‘fact-finding’ exercise on periodic auctions and highlights competitive advantage for SIs.
Sell-Side
The Big Interview: Richard Parsons
Instinet’s European CEO, Richard Parsons, discusses the firm’s liquidity agreements with Virtu and Sun Trading, the debate around SIs and periodic auctions, and potential consolidation on the sell-side over the next few years.