Will the EC ban electronic bilateral bond trading?
The broadening definition of ‘multilateral’ is at risk of capturing all trading if traders do not speak out. The European Securities and Markets Authority (ESMA) is to ...
What banks' primary success can tell us about their priorities in 2022
When looking at the revenues of investment banks in Q3 2021, using Greenwich Coalition data, we can see that secondary market trading in fixed income is still far behind ...
ESMA moves to tighten up algo surveillance
Algo trading has grown increasingly complex over the last decade. In 2007, the Markets in Financial Instruments Directive (MiFID) permitted competition with the national ...
Risk - Redemption shock
If funds are not given daily liquidity by the market, can they support daily redemptions for clients? Chris Hall reports. When pandemic-fuelled panic hit the markets ...
ESMA: Hundreds of bond funds suspended redemptions in record-breaking March sell-off
A new report by the European Securities and Markets Authority has laid out how systemic risk might be created through funds’ inability to process redemptions during ...
ESMA confirms data headaches for non-equity instruments
Trading venues and approved publication arrangements (APAs) – or post-trade data aggregators – are not always complying with the requirement to make available data free ...
Fixed Income Leaders : The DESK
Fixed Income Leaders – Expectations for 2018 The DESK spoke with members of the advisory panel for FILS Amsterdam to assess the likely agenda. In November 2018, Brexit ...
EC: ESMA should run consolidated tape for fixed income
By Flora McFarlane.
Securities financing: SFTR threatens smaller players
By Lynn Strongin Dodds.
MiFID II are you ready for 2018?
With the introduction of MiFID II and MiFIR on 3 January 2018, the European financial markets will face the biggest regulatory change they have ever seen. Market ...
ESMA consults on MiFIR trading obligation for derivatives
By Sobia Hamid.
Obligation to clear could be delayed to 2019 for smaller derivatives users
For financial counterparties, and certain funds classified as non-financial counterparties, whose individual aggregate positions in over-the-counter (OTC) derivatives ...
ESMA: Confusion over TO/TOTV to be resolved "within weeks"
By Aulia Beg In the coming weeks, the European Securities Markets Authority (ESMA) has said it will provide greater clarity around the definition of Trading on Trading ...
The technology behind price making
Lynn Strongin Dodds canvasses the market to see who is willing to pick up the gauntlet in Europe. If dealers are trading less, they are making fewer prices. As the ...
