ESMA updates its EMIR Q&A
July 27, 2016--The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation (EMIR).
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Source: ESMA
Reporting complexity forcing buy-side to outsource data services
July 26, 2016--Buy-side outsourcing trend expected to continue, as firms seek to manage complexity of data and reporting requirements.
Reporting requirements under regulations like MiFID II are driving the buy-side to outsource data functions to manage the complexity of complying with the rules.
The explosion of data handled by asset managers for reporting to regulators, stakeholders and clients, is so complex that buy-side institutions are increasingly seeking to outsource data operations.
BNP Paribas Securities Services' recent whitepaper..
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Source: thetradenews.com
Preliminary acceptance level of the exchange offer made by HLDCO123 plc to the shareholders of Deutsche Borse AG exceeds the minimum acceptance threshold
July 26, 2016--Based on the declarations of acceptance received and booked so far by the custodian banks for the exchange offer by HLDCO123 PLC, London, United Kingdom to the shareholders of Deutsche Börse AG in connection with the planned combination of Deutsche Börse AG with the London Stock Exchange Group plc, the minimum acceptance threshold of 60% of the Deutsche Börse shares (less treasury shares) has been exceeded (completion condition pursuant to section 14.1 A.1 of the offer document published on 1 June 2016).
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Source: Deutsche Börse AG
Deutsche Boerse and GSX list Bitcoin instrument
July 25, 2016--Traders are now able to gain exposure to digital currency Bitcoin through an exchange traded product that has listed on the Gibraltar Stock Exchange and Deutsche Boerse.
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Source: thetradenews.com/
Monday Morning Memo: Review of the European ETF Market, June 2016
July 25, 2016--Opposite to the overall fund industry in Europe and despite the increased volatility prior to the "Brexit" voting in the United Kingdom, the promoters of exchange-traded funds (ETFs) enjoyed net inflows for June.
Nevertheless, the assets under management in the European ETF industry declined during June compared to May (€455.5 bn) to €453.6 bn
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Source: Lipper
ESMA issues warning on sale of speculative products to retail investors
July 25, 2016--The European Securities and Markets Authority (ESMA) has today issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and also highlights the regulatory action taken in relation to several Cyprus-based investment firms.
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Source: ESMA
ESMA publishes updated Q&A on CFDs and other speculative products
July 25, 2016--The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients (such as binary options and rolling spot forex).
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Source: ESMA
Chart: One Reason a Brexit Makes Sense
July 22, 2016--The UK escapes a swath of troubled loans and fiscal problems.
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
Economic authorities and pundits have been vocal about the potential economic consequences of a Brexit.
The Bank of England said a "Leave" vote would increase unemployment, stoke inflation, slow economic growth, and prompt consumers and businesses to delay spending. The results would be recessionary.
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Source: visualcapitalist.com
European Commission-The Economic Outlook after the UK Referendum: A First Assessment for the Euro Area and the EU
July 22, 2016--The economic outlook after the UK referendum: Commission publishes a first assessment for the euro area and the EU.
view the The Economic Outlook after the UK Referendum: A First Assessment for the Euro Area and the EU
Source: European Commission
Sell-side to up fees amid rising MiFID II compliance costs
July 21, 2016--Buy-side expected to pay increased fees to the sell-side as costs of MiFID II compliance hits profit margins.
Buy-side traders could face higher fees from sell-side institutions as the costs of complying with European regulation MiFID II puts pressures on profit margins.
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Source: thetradenews.com
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