This Week: Europe’s Mifir review, FIA Tech, TRG Screen, UPI implementation, and more

A summary of the latest financial technology news.

Afme calls for more ambition from EU on Mifir/d II

The European Parliament formally approved the final text of the reviewed Markets in Financial Instruments Regulation (Mifir) and Markets in Financial Instruments Directive II (Mifid II) in a plenary session this week. After a negotiation process between the EU’s three main legislative bodies, a compromise text was completed in October last year. Having secured Parliament’s approval, the text will next pass to the European Council, and then into

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

Once a blockchain cheerleader, Axoni changes its playbook

The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.

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