ESMA issues final guidelines regarding circuit breakers under MiFID II
April 6, 2017--The European Securities and Markets Authority (ESMA) has issued today the final report on the Guidelines regarding the calibration of circuit breakers and the publication of the trading halts under the Markets in Financial Instruments Directive (MiFID II).
These Guidelines provide further detail on the parameters that trading venues should consider for the calibration of their circuit breakers, considering as such not only trading halts but also order price collars
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Source: ESMA
LSE launches private placement platform
April 5, 2017--Capital to come from institutional investors such as BlackRock, Fidelity and Carlyle
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Source: FT.com
National Statistics: UK official holdings of international reserves: March 2017
April 5, 2017--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
ESMA identifies areas for improvements in shareholder identification and communication systems
April 5, 2017--The European Securities and Markets Authority (ESMA) has published the results of a recent study carried out on the investment chain and, in particular, the functioning of shareholder identification and transmission of information between issuers and shareholders.
The report presents a general assessment of the level of harmonisation of national regulatory frameworks, across the EEA.
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Source: ESMA
ESMA clarifies market structure issues under MiFID II
April 5, 2017--The European Securities and Markets Authority (ESMA) has issued today detailed guidance regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
ESMA published 22 new Question and Answers (Q&As) which provide further detail on how to implement certain regulatory provisions on market structure topics.
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Source: ESMA
Boerse Stuttgart generates turnover of around EUR 7.8 billion in March
April 4, 2017--Turnover up in all asset classes//Growth strongest in exchange-traded products and debt instruments
According to its order book statistics, Boerse Stuttgart recorded turnover of around 7.8 billion in March 2017.
The trading volume was up more than 10 percent on the previous month and almost 13 percent on March 2016. The turnover for the first quarter of 2017 was more than 10 percent higher than the figure achieved in the same period of 2016.
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Source: Boerse Stuttgart
ESMA updates MiFID II/MiFIR investor protection Q&As
April 4, 2017--The European Securities and Markets Authority (ESMA) has added 10 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).
The MiFID II Q&A provide clarifications on the following topics:
Best execution;
Suitability;
Post sale reporting;
Inducements (research);...
view the Q&A on MiFID II and MiFIR Investor Protection Topics
Source: ESMA
Fidelity International launches two ETF income products
March 3, 2017--Fidelity International is the latest global asset management house to join the rush to embrace the growing appetite for exchange traded funds, with the launch of two income-focused smart beta ETFs.
The company said that its first two ETFs will combine Fidelity's active investment expertise with the systematic aspects of passive investing.
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Source: internationalinvestment.net
ESMA updates Q&A on MiFIR data reporting
April 3, 2017--The European Securities and Markets Authority (ESMA) has published today the updated Questions and Answers (Q&As) document regarding data reporting under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to regulatory data reporting topics.
view the Q&A on MiFIR data reporting
Source: ESMA
Cash market turnover sees significant rise in March; Xetra auctions key driving force
April 3, 2017--Turnover on Deutsche Börse's cash markets totalled €135.7 billion in March, a significant increase on the €120.9 billion seen in the same month of 2016.
This increase was largely driven by the daily auctions in Xetra trading, which are held at opening, midday and end of trading. Order book turnover in auctions provided 52 percent of the total daily cash market volume on March 17, for example, thanks to the fact that this was a key expiry date for many equity futures contracts. The March 17 closing auction on its own provided 43 per cent of the total turnover that day.
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Source: Deutsche Börse Group