Venues Deny Esma Accusations over Volume Cap Delay

Delays to a key aspect of Mifid II have triggered tensions between market participants and regulators.

The dark volume caps delay is Mifid II's first major setback

In a press release published on Tuesday evening, the European Securities and Markets Authority (Esma) openly blamed trading venues for the delay, stating that its own systems were ready to receive data for 30,000 equities and equity-like instruments in the context of the double volume-cap (DVC) mechanism. However, only 75 percent of Europe’s trading venues provided their data, Esma said, most of which were incomplete.

The DVC is part of the revised Markets in Financial Instruments Directive and

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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