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AFME calls out EU’s proposed capital markets integration plan citing equity market structure oversight

The TRADE

The Association for Financial Markets in Europe (AFME) has shared its response to the European Commission’s ‘targeted consultation on integration of EU capital markets in Europe’ – which closed today – highlighting several points of concern.

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FCA moves to consult with industry on UK consolidated tape model as back and forth continues

The TRADE

The UK’s Financial Conduct Authority (FCA) has announced that it will consult with industry participants on reforms to improve markets and competitiveness, including the introduction of a UK consolidated tape. The UK tape’s revenue and sharing model and its inclusion of pre- and post-trade data have not yet been confirmed.

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FCA’s consultation period for UK consolidated tape closes with market expressing key considerations ahead of its development

The TRADE

Earlier this year, the UK’s Financial Conduct Authority (FCA) announced a consultation period with market participants on reforms to improve markets and competitiveness, including the introduction of a UK consolidated tape (CT). A CT for bonds will be the initial focus, with an equities tape following at a later stage.

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Digital asset exchange Bullish taps Adaptive and Google Cloud to enhance trading

The TRADE

Adaptive Financial Consulting has collaborated with regulated digital asset exchange Bullish to increase trading capacity and boost throughput as it looks to scale and meet growing business demand. The post Digital asset exchange Bullish taps Adaptive and Google Cloud to enhance trading appeared first on The TRADE.

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EMSA to consider all possibilities for shortened settlement – including T0 – following industry feedback

The TRADE

Following feedback received from the consultation period, ESMA has confirmed that it will consider all possibilities for a shortened settlement cycle, which includes both T+1 and a potential T+0. ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0.

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FCA guidance on post-Brexit trading venue definition comes into force today

The TRADE

The UK’s Financial Conduct Authority (FCA) has confirmed that its guidance regarding the post-Brexit definition of trading venues has come into force today, 9 October. It makes clear that in the case that a firm does not operate a multilateral system, it will not require authorisation as a trading venue.

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The TRADE predictions series 2024: Fixed income, a look at central bank policy

The TRADE

In the UK, the FCA are prioritising the bond consolidated tape and will be rounding off the year with a policy statement setting out the proposed bond CT framework and also consulting on what we hope will be an ambitious new transparency regime for non-equity instruments.

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