Markets in Financial Instruments Regulation (Mifir)
Shall we compare thee to a multilateral trading venue?
As regulators confirm that perimeter guidance applies to tech firms, the focus shifts to enforcement.
This Week: Europe’s Mifir review, MarketAxess, FIA, and more
A summary of the latest financial technology news.
EU lawmakers struggle to find common ground on equities CT
The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are proving inescapable.
French regulator turns up the heat with spot checks on market data providers
The AMF’s move has left industry observers wondering if this will lead other regulators in Europe to follow suit.
Hurry up and wait: EU debates potential models for ‘essential’ consolidated tape
As the legislative debate surrounding a future European consolidated tape for equities takes on increased urgency, market participants and interested parties are beginning to weigh in with their visions of a successful tape.
Fees rise and questions linger as Esma ramps up analytics capabilities
The EU regulator’s expanded supervisory powers and big data capabilities have caused some confusion on how the data will be used and how Esma’s new role will shape reporting regimes.
This Week: Bloomberg; Charles River, DTCC, SmartStream & More
A summary of the latest financial technology news.
UnaVista SFTR closure casts doubt on viability of reg reporting
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
Esma to ink deal for big data capabilities
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.
Swipe left: repo reporting no match for Brexit, or collateral
A happier start than Emir, but SFTR honeymoon is over now that trades report separately in UK and EU.
Esma: Both OTC identifiers will not be required in Emir reporting
Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.
EU Regulators Spill More Ink Tackling Market Data Costs
The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?
IHS Markit Adds Tool to SFTR Platform to Catch Missing LEIs
The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.
A Way Forward for the Consolidated Tape?
A recent EU-backed report has presented what might be the most viable governance model yet for the controversial project.
This Week: ASIC/RBA, TSE, Schroders/SteelEye, HKEx, Talos, and more
A look at some of the past week’s financial technology news.
CME Reg Reporting Competitors Vie to Fill the Void Ahead of Withdrawal
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
Plato’s Planned Platform Could Serve as Precursor to European Consolidated Tape
Industry experts say not-for-profit organization is building a post-trade market data platform that could be a precursor to an EU consolidated tape.
Refinitiv Head of Market Structure Previews Regulations to Watch in 2019
In the spirit of giving, Refinitiv's head of regulatory and market structure shares which regulations he's keeping an eye on in 2019.
Cboe Plans Amsterdam Venue Ahead Of Brexit
The exchange’s main office in Europe will continue to be London.
Bloomberg Eyes Amsterdam for Trading and Reporting Platforms
The information and trading technology giant has registered a Netherlands-based entity for its trading platform.
Commissions Slump as Mifid II, Algo Trading Take Bites Out of Brokers
Data shows drop in commission costs as unbundling rules take hold, furthering decline caused by electronic execution.
APAs Under Pressure as Esma Cracks Down on Data Tangle
Reporting platforms told by regulator to substantially improve quality of publicly reported data.
Eze Connects with NEX for Trade Reporting
Software vendor expands partnership with NEX APA for transparency requirements under Mifid II.
Irish Stock Exchange Becomes Ireland's First LOU
The exchange can now issue, renew and update LEIs via its online services website, ISEdirect.