European Securities and Markets Authority (Esma)
UTIs, Pre-LEIs Are Top Concerns as EMIR Reporting Begins
Industry participants are worried about confusion surrounding unique trade identifiers and a shortfall in pre-legal entity identifier registrations, as trade reporting requirements come into force for derivatives trades in the European Union
Europe Takes First Steps Toward Electronic Derivatives Trading
With provisional agreement on the Mifid II text by European political authorities, electronic execution of derivatives is set to spread over the Atlantic Ocean in the near future. In terms of equivalence, interoperability, and mutual recognition, how…
FIX Eyes ESMA Talks, User Participation in MMT
Trading standards body FIX Trading Community plans to boost sell-side participation in developing the Market Model Typology trade reporting tag standard, and to broaden the coverage of the standard to new areas, after absorbing the effort under its…
FIX ‘Adopts’ MMT Post-Trade Data Standards
Standards body FIX Trading Community-the organization formerly known as FIX Protocol Ltd, which governs the development of the FIX Protocol-has adopted the Market Model Typology post-trade reporting initiative as a FIX standard, adding support for MMT in…
Keep Calm and Route Order Flow
Talk about snatching defeat from the jaws of victory. Our American readers will, of course, only be concerned with one sporting result this weekend: Seattle’s thrashing of Denver in New Jersey last night. For those of us on this side of the Atlantic,…
EU OKs MiFID 2; ESMA Wades into Details
After more than three years of negotiations, the European Union last week struck a long-awaited agreement on its review of the Markets in Financial Instruments Directive that mandates trading venues to make pre- and post- trade data available on a …
Three Years On, Europe Agrees Mifid II
A raft of new laws regarding the operation of securities markets in Europe is a step closer to becoming a reality, after European authorities clinched a deal regarding the review of the Markets in Financial Instruments Directive (Mifid), known as Mifid…
Esma Updates Derivatives Reporting Guidance
The European Securities and Markets Authority (Esma) has clarified its position on the reporting of derivatives, updating an online Q&A with the scope of requirements, as well as the counterparties that it expects to report transactions.
ESMA Seeks Data Expert Advisors
European regulator the European Securities and Markets Authority (ESMA) is recruiting market data reporting experts to advise on potential complications stemming from the overlap of recent EU financial regulation.
ICE and CME Receive Trade Repository Approvals
Intercontinental Exchange Group and the CME Group have both received regulatory approval to operate a Trade Repository (TR) for the reporting of swaps and futures trade data under the European Market Infrastructure Regulation (EMIR).
Bafin 'Mindful' of EMIR Reporting Challenges
A representative of the German regulator said it is aware of the challenges firms face to comply with the European Market Infrastructure Regulation, which were highlighted by speakers from the buy- and sell-side at the Frankfurt Financial Information…
ESMA Preps Technical Standards for OTC Clearing
The European Securities and Markets Authority (ESMA) has released a discussion paper, as a first step in producing detailed technical standards for the central clearing of over-the-counter (OTC) derivatives instruments.
New Company Seeks ESMA Approval For Trade Repository
A new company set up by CapitalTrack, Capital Market Daily Portal and Fincore believes its trade repository will be attractive to market participants because it is not affiliated to a clearing house
Marking Time on Mifid II
Europe, surprisingly, seems to agree on something.
Fall Aim for Mifid II Agreement
Panelists at TradeTech Europe, organized by WBR, debated the scope of regulatory movements in Europe today, with one representative of the European Commission (EC) stating that the timetable for all discussions around the Markets in Financial Instruments…
Exchanges, Brokers Face HFT Surveillance Challenge
Although the benefits and drawbacks of high-frequency and algorithmic trading have been debated endlessly, the ability to perform competent and reliable surveillance on these operations is an area often relegated to the back rooms of conferences. James…
ESMA Launches Hosted IT Tender Process
The European Securities and Markets Authority (ESMA) has launched a tender invite for firms to provide a managed IT infrastructure service.
James Rundle: The Third Time’s the Charm
Talk about a third iteration of the Markets in Financial Instruments Directive may be slightly premature, but it’s more than background noise at the moment. Given the weight of regulatory reform under way, James asks if the industry can take more…
OTC Reporting Rules Commence in Europe
Tough new rules on the levels of disclosure required for over-the-counter (OTC) derivatives trades begin in Europe today, aimed at bringing transparency to a formerly opaque market.
Fidessa Unleashes Market Abuse Monitor for Europe
UK-based vendor Fidessa has announced the release of the Market Abuse Monitor surveillance tool for its sell-side clients in Europe.
Trans-Atlantic Regulatory Storms
Features in the upcoming March issue of Inside Reference Data identify continuing conflicts over identifier and tax regulations and standards, describing how these divert attention from data management improvement possibilities
Kyte Group Integrates b-next Market Abuse System
Clearing and broking provider Kyte Group has rolled out b-next's multi-asset, multi-venue market abuse surveillance system, CMC:Suite.
ESMA, EBA Recommend Euribor Rate-Setting Revamp
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have penned a set of new proposals for improving the process by which the Euro Interbank Offered Rate (Euribor) is decided.