The Financial Conduct Authority (FCA) has given firms until the end of the month to consider its recommendations; firms are not required to report their actions back to the regulator.
TRADE CYCLE will focus on streamlining areas including: data and trading analytics, execution, connectivity and clearing, among others, The TRADE understands.
The joint venture (JV) participants include: BME, Deutsche Boerse Group, Euronext, Luxembourg Stock Exchange, and Nasdaq.
New additions have previously served at Mariana Capital, GFI Group, Citi, Liquidnet, Goldman Sachs, ConvergEx Group, and RBS.
Incoming individual has also previously worked for Citi and UBS.
Closing auction activity saw a notable increase in the second quarter, report finds, and could lead to greater volumes being transacted in the large-in-scale market.
AFME chief says inclusion of sufficient pre-trade information has been lost in negotiations and could lead to suboptimal outcomes.
Experts unpack the controversial proposal for active accounts on EU CCPs and what the outcome of the recent Memorandum of Understanding milestone could be.
New dark offering is aimed at reducing latency arbitrage for clients following the exchange’s data centre migration, Euronext’s Simon Gallagher and Vincent Boquillon told The TRADE.
European Commission has also been tasked with drafting an additional tape proposal aimed at bridging the gap between opposing views put forward by the European Parliament and Council, The TRADE understands.