Europe Archive

The European Parliament’s Economic and Monetary Affairs Committee has issued a questionnaire on MiFID II ahead of its first meeting to discuss the new legislation, which has been confirmed for 5 December. read more>

Confusing obligations in MiFID II are causing banks such as Swiss-based UBS to re-evaluate their dark trading offerings and could negatively impact execution choice for buy-siders. read more>

Deutsche Börse and Turkey’s Istanbul Stock Exchange have formed an agreement to support each other in developing their respective securities markets, carrying out joint research projects and assisting with marketing activities in Germany and Turkey. read more>

The new trading system launched by PLUS Trading Solutions, the technology arm of retail focused market operator PLUS Markets Group, will offer prospective venue operators a system that is capable of complying with forthcoming European regulation. read more>

Sources have confirmed to theTRADEnews.com that Damian Bunce has left his role as head of equities electronic sales and trading for Barclays Capital in Europe. read more>

NYSE Euronext and Deutsche Börse have told the European Commission they will offer open access to clearing should the two exchange groups be allowed to complete their proposed merger. read more>

Market participants now have a choice of clearer when accessing Turquoise, the pan-European multilateral trading facility owned by the London Stock Exchange, as clearing house LCH.Clearnet has launched interoperable clearing across 17 countries for the venue. read more>

European Commission reforms to the Markets in Financial Instruments Directive represent an outright attack on high-frequency trading, but all users of algorithmic trading strategies in Europe could suffer, according to a leading law firm. read more>

The European Commission is proposing that central securities depositories introduce fines in cases where trades are not settled on the intended settlement date. The Commission believes the rules would serve as a deterrent penalty mechanism for settlement fails. ?? read more>

The London Stock Exchange Group has announced a 9% rise in revenue to £328.1 million in its results for the six months ending 31 September 2011, which it attributes to greater diversification of its business. read more>