Regulation Archive

The Committee of European Securities Regulators (CESR) is planning to take a more active role in decisions about granting pre-trade transparency waivers to dark trading venues. read more>

Turquoise, a broker-backed multilateral trading facility, has become the second European trading venue in a matter of days to announce discussions with regulators over its dark trading functionality. read more>

Euro Millennium, the pan-European dark pool for equities trading, has been asked by the UK’s financial regulator to make modifications to its functionality, according to a statement by parent company NYFIX, the US-based trading solutions vendor. read more>

William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009. read more>

The Australian Securities & Investments Commission (ASIC), Australia’s securities regulator, has extended its ban on covered short-selling of the country’s financial stocks until 6 March because of recent increased volatility in overseas banking stocks, including the UK and US. read more>

The UK Financial Services Authority (FSA)’s decision last week to lift its ban on short-selling UK financial stocks but extend its disclosure requirements strikes the right balance between regulatory control and preservation of a vital market function, according to Arturo Bris, professor of finance at the Institute for Management Development (IMD), a Swiss business school. read more>

The short-selling ban on 34 UK financial stocks, imposed by the Financial Services Authority (FSA) on 18 September last year, resulted in a “statistically significant deterioration in liquidity” in the 15 FTSE 100 shares affected by the restrictions, according to a study commissioned by the London Stock Exchange (LSE). read more>

The UK’s Financial Services Authority (FSA) has confirmed its plans to lift a ban on the short-selling of UK financial stocks on 16 January – the expiry date originally given when restrictions were imposed on 18 September last year. read more>

The UK Investment Management Association (IMA) has written to the Financial Services Authority (FSA), urging the regulator to address the weaknesses in London’s cash equity market exposed by the collapse of Lehman Brothers. read more>

The Financial Services Authority (FSA), the UK’s financial regulator, has said it will not oppose the introduction of a new dark order type by the London Stock Exchange (LSE). read more>