EU and UK Investment Research Reviews: Convergence is paramount
In a recent panel, market experts assessed proposals in both jurisdictions, the impact on businesses, and the need for uniformity to benefit the research industry at large.
In a recent panel, market experts assessed proposals in both jurisdictions, the impact on businesses, and the need for uniformity to benefit the research industry at large.
AFME’s latest equity primary markets and trading report found that average daily equity turnover declined by €15 billion YoY, while also noting declines in block trading and double volume cap instrument suspensions.
With the US confirming its shift to T+1 settlement in 2024, Wesley Bray looks at the impact this will have globally, whether or not the UK and EU should follow suit and how trading desks will be impacted by the move.
The Association recommended that volume caps should be removed or, alternatively, suspended for a five-year period, after which ESMA should assess whether the cap is negatively impacting price formation.
The latest Equity Primary Markets and Trading Report from AFME also shows that equity underwriting on European exchanges declined 61% in 2022 – although average daily equity trading is up 9%.
Third quarter equity review authored by AFME revealed a 13% decrease across European equity shares traded.
Trade Informatics launches PLIA tool in Europe ahead of MiFID II regulation.
Trade associations at a roundtable hosted by the FCA have questioned MiFID II rules on exchange market data pricing.
Mergers and acquisitions in the second quarter suffer major decline compared to the first quarter this year.