A service called consolidated tape, CT, was supposed to emerge and lower the prices of market data under MiFID II. But neither happened, ESMA now concludes, as the authority turns to the market for advice on how to come forward.
Europe’s new CSD regulation introduced the necessity of a neutral agent to perform a buy-in service in the frequent situations when securities trades fail to settle. But who should do the job? Now, Deutsche Börse says okay then.
A consortium of Blackstone and Thomson Reuters, and funds affiliated to them, will hold 37 percent of the stock in London Stock Exchange Group (LSEG) – after selling its financial markets infrastructure business Refinitiv to the group, getting payed in LSEG shares.
To its proponents, CCP (central counterparty clearing house) interoperability, namely cross-border linkages between two or more CCPs, is credited with increasing user choice in terms of where trading firms can clear their transactions and cost efficiency. Enshrined under the European Market Infrastructure Regulation (EMIR), there...
ID2S – a DLT based, regulated CSD owned mainly by teleoperator Orange – says it plans to go live with operations already before this summer. It plans to offer real-time settlement for money market instruments.