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A volume cap on dark trading put forward in the latest proposals for MiFID II and its attendant regulation from the Irish Presidency will reduce dark activity in European equity markets and result in greater fragmentation, according to market structure consultant. read more>
The Irish Presidency of the Council of the European Union has put forward new compromises for MiFID II and its attendant regulation to resolve differences between member states on permitting interoperability between derivatives trading venues and clearing venues. read more>
An extension of post-trade matching service Traiana that sends OTC equity trades through central counterparties will cut bilateral equity trade settlement fees for brokers and banks, and will have a muted impact on greater interoperability for cash equities in Europe. read more>
Reducing settlement times and streamlining post-trade processes were key issues in new FIX Protocol Limited global post-trade processing guidelines released today, according to a senior member of FPL's post-trade team. read more>
Experts have warned a September deadline the European Commission has set for the European Securities and Markets Authority to draft technical standards covering the extraterritorial aspects of new clearing regulation will not be met. read more>
UK markets watchdog the Financial Conduct Authority has called on the industry to help regulators get MiFID II's technical standards "right first time" once the directive's text is finalised. read more>
Spanish regulator CNMV has taken steps to reform the registration, clearing and settlement system in the country's financial markets, with the publication of a set of key changes. read more>
Institutional block trading network Liquidnet has appointed two senior members to its EMEA team to build on positive early-year results as it grow its Continental Europe client base. read more>
An initiative bringing together UK buy-side firms to exchange perspectives on broker services, such as payments for research, led by consultancy Investit, will take place in coming weeks as key firms have signed on. read more>
Pan-European multilateral trading facility BATS Chi-X Europe has received its Recognised Investment Exchange licence from UK regulator the Financial Conduct Authority, giving it greater power to challenge Europe's primary markets and potentially drive down listing costs. read more>