European Commission confirms roll back of MiFID II rules in recovery package
MiFID II unbundling and best execution reporting requirements will be scaled back under new recovery package from the European Commission.
Tag: Coronavirus
FCA to pilot digital sandbox for coronavirus recovery
New digital sandbox from the FCA and City of London Corporation will look to support firms that are key to the recovery from the coronavirus pandemic.
Jefferies hires markets executive from Barclays for financial chief role
Matthew Larson, most recently CFO of the Americas business and global markets division at Barclays, joins Jefferies as chief financial officer.
Number of hedge fund launches decline to financial crisis levels as liquidations surge
The latest figures from Hedge Fund Research have revealed that new hedge fund launches declined to the lowest quarterly estimate since the fourth quarter in 2008.
Brokers step up in COVID-19 crisis as traders rate execution coverage
Jefferies, Morgan Stanley, Goldman Sachs, JP Morgan, Citi and Bank of America were considered ‘standout dealers’ by US buy-side traders.
Short selling bans lifted in Europe
Austria, Belgium, France, Greece, Italy and Spain have decided not to renew bans on short selling after restrictions were put in place in March.
BTIG offers certain funds free trading services in COVID-19 pandemic
Free trading initiative from BTIG is aimed at charitable, state and union pension funds, as well as medical and educational endowments and emergency services benefit programs.
Buy-Side
Traders adapt to life at home
Following the removal of live interaction within teams, systems being stretched and the ensuing market turbulence, among multiple other factors, Hayley McDowell finds traders could be more error prone and risk vulnerable.
US consolidated audit trail timeline disrupted due to COVID-19
The US watchdog has extended a delay for broker-dealers reporting to the CAT after system officially went live earlier this month.
Banks see demand for outsourced trading desks surge during pandemic
The global pandemic is likely to cause a spike in outsourcing and according to custodian banks the biggest trend so far has been towards their outsourced trading services.