Latest MiFID News: Finextra Research

European exchanges up their game in face of dark pool competition - ITG

European stock exchanges have become more efficient and slashed the cost of trading over the last year as they bid to fight off growing competition from a rash of post-MiFID dark pool and MTF competitors, according to research from ITG.

04 February 2011

News/MiFID

EC publishes MiFID II consultation

The European Commission has published its widely trailed Markets in Financial Instruments Directive (MiFID) review, calling for greater oversight of high-frequency trading and a clamp down on speculators in commodities.

08 December 2010

News/MiFID

MiFID II to tackle high-frequency trading

Traders will have to explain to regulators how their computer algorithms are designed and work as part of the European Commission's widespread overhaul of MiFID.

03 December 2010

News/MiFID

MEP says all trades will be encouraged into lit markets

In what she describes as a "shot across the bow of the dark markets", Kay Swinburne, Conservative MEP for Wales says that the European Parliament is working on regulation that will actively encourage all trades to be executed in the lit markets.

25 November 2010

News/MiFID

European Parliament backs dark pool regulation

The European Parliament's economics committee has backed a report calling for tougher regulation of dark pools and high-frequency trading.

09 November 2010

News/MiFID

Deutsche Börse to buy minority stake in ID's RFQ-hub

Deutsche Börse is buying a minority stake in Investors Derivatives solutions (ID's), a Paris-based technology provider that has developed a request for quotes (RFQ) hub.

09 November 2010

News/MiFID

T2S winning wider industry acceptance

The European Central Bank's (ECB) plan to create a single settlement process for all European securities, Target 2 Securities (T2S), appears to have gained more industry acceptance at last, although significant issues still remain about the eventual cost of the service and its governance.

27 October 2010

News/MiFID

European Commissioner takes aim at HFT

European Commissioner for internal markets and services Michel Barnier has vowed to work with US counterparts to increase high-frequency trading regulation, says Reuters.

12 October 2010

News/MiFID

New Spanish MTF taps Equiduct for tech platform

Equiduct Systems has won a contract to provide the technology infrastructure for Spain's first MTF, Plataforma Alternativa de Valores Españoles (Pave).

30 September 2010

News/MiFID

Quote MTF offers to give away equity to attract business

Quote MTF is offering to give away up to 40% of its shareholding to trading firms as it bids to secure participation in a fiercely competitive, consolidating market.

22 September 2010

News/MiFID

Spain set to get first MTF

A group of Spanish "financial executives" say they will launch the country's first multilateral trading facility (MTF) early next year.

25 August 2010

News/MiFID

CESR signals MiFID overhaul

The introduction of a European consolidated tape for EU market data is a "necessity" says the Committee of European Securities Regulators (CESR) in a report to the European Commission which calls for wide-ranging reforms to the structure of trading under a revised MiFID rulebook.

29 July 2010

News/MiFID

ABN Amro takes 25% stake in Dutch MTF The Order Machine

ABN Amro has taken a 25% stake in retail-oriented MTF The Order Machine (TOM).

14 July 2010

News/MiFID

Nasdaq OMX waves white flag on pan-European ambitions

Nasdaq OMX is to shutter its pan-European Multilateral Trading Facility Neuro, marking the first signs of a forecast contraction in the crowded MTF market.

28 April 2010

News/MiFID

Post-MiFID fragmentation inviting more market abuse - Avenues

The post-MiFID fragmentation of exchange trading and data has substantially increased the potential for market abuses, according to a new advisory group set up to look at the issue.

16 March 2010

News/MiFID

Transparency and price discovery suffering under MiFID - CFA

Fragmentation in European equity markets has had little impact on price formation, but transparency and trade reporting have suffered under the Markets in Financial Instruments Directive (MiFID), according to a study conducted by investment body the CFA Institute.

07 December 2009

News/MiFID

LSE tech breakdown re-ignites calls for consolidated tape

Dealing technology vendor Fidessa has re-ignited calls for the creation of a consolidated tape for European market data pricing after an outage at the London Stock Exchange last week appeared to depress trading in affected stocks.

19 October 2009

News/MiFID

EU's MiFID review to look at dark pools

The migration of share trading from regulated platforms to dark pools is to be examined by the European Commission as part of a wider review of the Markets in Financial Instruments Directive (MiFID).

21 September 2009

News/MiFID

Quote MTF launches into crowded market

Hungary-based Quote MTF has become the latest trading platform to enter the crowded post-MiFID European securities market.

07 September 2009

News/MiFID

Chi-Tech launches 'exchange-neutral' European trading network

Chi-Tech, the technology services unit of Chi-X Global, is to launch a new "ultra low-latency network" to provide multi-venue access to European trading destinations.

14 August 2009