Regulatory burden labelled top issue faced within European listed derivatives markets
New report from Acuiti also notes the risk associated with new regulations as being a key concern on the horizon for market participants within the asset class.
Europe
Fragmentation and regulatory complexity pegged as main hurdles to European ETF growth
Panellists at TradeTech unpacked the ETF landscape in Europe, exploring the inevitable comparison between Europe and the US and discussing current hurdles preventing the former keeping up with the latter.
Consolidated tape: Avoiding a ‘garbage in and garbage out exercise’
TradeTech panellists discussed ongoing market structure changes within Europe including the need for good data when developing a consolidated tape and whether too much fragmentation could be detrimental to the European market landscape.
Combating liquidity challenges in Europe requires caution especially when considering alternative means of trading
TradeTech 2024 panellists agreed markets must continue to innovate but warned around potential unintended consequences that could arise from innovation.
FIA EPTA suggests post-trade reporting gap responsible for shrouding the “real story” around volumes in Europe
The association has highlighted a portion of trading that it claims is “wholly unreported”, insisting that if said segment was included in the overall picture, then the reality of European volumes would be far more positive.
ESMA officially scraps ‘hardly read’ RTS 28 best execution reports
The decision follows an agreement reached by the European Union and Parliament concerning the Mifid/Mifir review in June last year.
Millennium Advisors hires from within for new head of EMEA sales
Individual was previously director of sales and business development; has previously worked at MarketAxess, BNP Paribas Fortis, Groupe Crédit du Nord, and Crédit Agricole CIB.
Investment firms must improve market stress assessments when it comes to liquidity adequacy, says FCA
Currently “most” firms have not gotten into the habit of regular reviews and subsequent adjustments to their liquid asset levels in line with external market changes, said the regulator.
EU committee gives green light for Euro derivatives clearing active accounts
Proposal to draw Euro clearing back to the Bloc via active clearing accounts with European CCPs has proved divisive with participants who claim the move could be anti-competitive.
Half of traders convinced FCA post-Brexit DVC decision will have little bearing on dark trading
Liquidity is continuing to shift away from continuous lit trading as traders increasing seek flexibility, SIX Swiss Exchange finds in new research.