Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

MiFID uncertainty haunts capital markets firms

The vast majority of financial services firms - 93% - do not believe that MiFID will be consistently implemented and enforced across the member states involved, according to research released by UK-based ea Consulting Group.

24 October 2007

News/MiFID

Nyse Euronext partners HSBC and BNP Paribas for European block trading venture

Transatlantic exchange operator Nyse Euronext is teaming with investment banks HSBC and BNP Paribas to establish an electronic block trading platform for European listed stocks, dubbed Project SmartPool.

24 October 2007

News/MiFID

Reuters introduces new MiFID instrument code

With just 10 days to go until the implementation of the EU's Markets in Financial Instruments Directive (MiFID), Reuters is introducing a new instrument code which will enable its clients to quickly see the best bid and offer price on major stocks, wherever they are quoted.

22 October 2007

News/MiFID

Plus terminates talks with Turquoise

Talks between UK trading platform Plus Markets and bank-backed equities trading platform Project Turquoise have fallen through after the two parties failed to agree on terms for a takeover deal.

19 October 2007

News/MiFID

FSA approves Deutsche Börse MiFID trade reporting service; Boat readies for launch

Deutsche Börse has been granted "Trade Data Monitor" (TDM) status by the UK's Financial Services Authority (FSA) for its MiFID OTC post-trade transparency service.

17 October 2007

News/MiFID

Chi-X offers trade reporting service

European alternative trading system Instinet Chi-X has been granted a trade reporting licence by the UK's Financial Services Authority to help clients meet post-trade transparency requirements under the Markets in Financial Instruments Directive (MiFID).

15 October 2007

News/MiFID

Omgeo offers MiFID reporting service

Post-trade processing house Omgeo has updated its transaction reporting service to comply with new EU trading regulations under the Markets in Financial Instruments Directive and has been certified by the Financial Services Authority as an Approved Reporting Mechanism.

09 October 2007

News/MiFID

Börse Berlin takes majority stake in Equiduct

Börse Berlin - formerly known as the Berlin Stock Exchange - has acquired an undisclosed majority stake in Equiduct, the MiFID-ready pan-European trading platform.

25 September 2007

News/MiFID

OMX to halve trade reporting fees in time for MiFID

The OMX Nordic Exchange is to halve its trade reporting fees in November to coincide with the introduction of the Markets in Financial Instruments Directive (MiFID) and the arrival of new competition from investment banks.

07 September 2007

News/MiFID

Boat gears up for November launch; Turquoise board appointed

Project Boat, the European trade reporting platform that is being established by nine City investment banks, will start reporting two-thirds of the EU's off-exchange share trades when it launches in November.

21 August 2007

News/MiFID

Turquoise launch delayed

Project Turquoise, the bank-backed equities trading platform that will compete head-to-head with domestic stock exchanges in Europe, will not launch until the second quarter of 2008.

07 August 2007

News/MiFID

KTS to buy Arcontech for £1.5m

UK market data vendor Knowledge Technology Solutions (KTS) has signed a deal to acquire London-based market data specialist Arcontech Limited for a total consideration of £1.5 million in cash and shares.

07 August 2007

News/MiFID

MiFID and Reg NMS to drive market data volumes - study

The introduction of the EU Markets in Financial Instruments Directive (MiFID) and the US Regulation National Market System (Reg NMS) could cause a 900% increase in the amount of market data being published by 2010, according to the latest TowerGroup research.

31 July 2007

News/MiFID

Firms still lagging in MiFID preparation

With less than 100 days to go before the implementation of the EU's Markets in Financial Instruments Directive (MiFID), almost half of financial services firms are still behind with preparations for complying with the new regulations, according to research released by SunGard.

25 July 2007

News/MiFID

EU states still behind on MiFID

With just over three months left before the Markets in Financial Instruments Directive (MiFID) comes into force, just eight of the 27 EU member states have implemented the directive into national law.

19 July 2007

News/MiFID

BNP Paribas takes minority stake in Natixis securities clearing unit

BNP Paribas has signed an agreement to acquire a minority 33.4% stake in SLIB, the securities clearing operations of French bank Natixis. Financial terms of the deal were not disclosed.

17 July 2007

News/MiFID

Jefferies selects Ullink for MiFID best execution

Investment bank Jefferies is to use Ullink's UL Smart software to meet the best execution requirements of the EU's Markets in Financial Instruments Directive (MiFID).

10 July 2007

News/MiFID

Reuters moves on MiFID trade reporting space

Reuters has moved to develop a trade reporting system for investment firms operating under the MiFID rulebook.

09 July 2007

News/MiFID

BNP Paribas buys into Turquoise

French banking group BNP Paribas has acquired a three per cent stake in Turquoise, the bank-backed equities trading platform that will compete head-to-head with domestic stock exchanges in Europe.

06 July 2007

News/MiFID

SWX re-vamps infrastructure for algo trading

SWX Swiss Exchange and its screen-based market operator virt-x have begun the first phase of a three year infrastructure upgrade programme intended to cater for increased demand for direct market access (DMA) and algorithmic trading.

05 July 2007