ESMA launches consultation to clarify boundaries of trading venues under MiFID II
The European and Securities Market Authority (ESMA) has launched a consultation on what constitutes a trading venue, and what can be considered a trading...
Market data costs in spotlight under new FCA review
The UK’s Financial Conduct Authority (FCA) has issued a call for input (CFI) to better understand how data and advanced analytics are being accessed...
SEC finds market liquidity minimally impacted by regulatory reforms
By Flora McFarlane.
A paper by the Division of Economic and Risk Analysis (DERA) of the US Securities and Exchange Commission (SEC) has found that...
CUSIP requests indicate municipal borrowing to rise, corporate to fall
CUSIP Global Services (CGS) has found a significant surge in request volume for new municipal bond identifiers, and a significant decline in request for...
JWG: Cloud is “large systemic technology risk blind spot”
JWG, the regulatory think tank, has published a research paper ‘Risk control for a digitized financial sector’ which claims to identify a large systemic...
Traders call time on outsized European market open hours
Buy- and sell-side traders have called for Europe to review its equity market open periods, which at eight and half hours is over 30%...
TMPG meets to discuss key challenges in the Treasury market structure
The Treasury Market Practices Group (TMPG), an industry roundtable coordinated by the US Federal Reserve (The Fed) met on Tuesday 19 October to discuss...
Tabb Group event: Concern regarding Reg ATS expansion
On 9 March the Tabb Group’s ‘Fixed Income Trading and Best Execution Summit’ heard that the Securities and Exchange Commission (SEC) concept release around...
ESMA relaxes best ex reporting
The European Securities and Markets Authority (ESMA) has pushed back reporting of best execution by execution venues and trading firms, which are regulatory requirements...
Citi, Deutsche Bank admit breaking competition law in bond trading, finds UK watchdog
By Laurie McAughtry
The UK’s anti-trust authority, the Competition and Markets Authority (CMA), has found that five banks including Citi, Deutsche Bank, HSBC, Morgan Stanley...
