Mifid II
River and Mercantile opts for OTCX
Asset manager seeks to digitalise and optimise its OTC derivatives processes
FCA fines Merrill Lynch £34.5m for Emir reporting failures
First penalty issued by FCA for breaching Emir reporting requirements
EU and US regulators agree on margin equivalence
As the regulators take a common approach, Mifid II-regulated venues look set to be exempt from Sef registration requirements
Nex lowers Optimisation margins for first half of the year
Operating profit margins for the Nex Optimisation business division in the six months to September 30 are set to be 20% rather than 29% as previously forecast
XTX to become equities SI under Mifid II
The non-bank market-maker will opt into the regime for European equities, regardless of its share of the OTC market
Integral introduces flat fees on OCX
The venue will charge $2.75 per million per side on its open currency exchange platform
FX Tape free until volumes hit $100bn a day, Galinov says
Data will be aggregated and slightly delayed
Cürex launches pre-trade time-stamping
The new capability will allow Cürex’s customers to prove their compliance with Mifid II
FCA: Mifid II enforcement will be proportional
While enforcement may not be immediate, participants need to show they have taken sufficient steps to meet requirements
CLS announces major strategy shift
The settlement utility will diversify into processing and data to become a business with three major service areas
Integral’s OCX to operate as MTF
Market participants using OCX will be able to comply with Mifid II, including banks under the systematic internaliser regime
FCA grants APA approval to Abide Financial
Authorisation allows Nex Regulatory Reporting, powered by Abide, to provide enhanced services ahead of Mifid II
Nex Optimisation boosts Harmony as Mifid II deadline approaches
Traiana’s Harmony has been extended to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under Mifid II
The only game in town is Mifid II, says Bloomberg’s Van Name
With less than six months to go, market participants are scrambling to get ready
Esma warns it may intervene to regulate CFDs and retail products
Two years since Esma set up a task force to supervise risky products such as CFDs, rolling spot FX and binary options
Mifid II is a chance for reinvention – FX Connect’s O’Malley
“We’ve had more interaction with our customers in the past six months than in any individual point in our 20-year history,” says FX Connect’s Emea head
Curex introduces microsecond time-stamping
New capability goes beyond the non-HFT millisecond requirement called for by Mifid II
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Broadway Technology aims to expand FX footprint
Moves comes after a recent $42m investment armed the firm with the capital to expand into FX and fixed income
Late LEI registrations might not be ready for January 2018, Gleif says
If firms leave their LEI registration application until the last quarter of 2017, they might not receive their identifier in time
Goldman’s new terms may as well say 'f@*k you' at the top, participant says
Goldman Sachs sends clients updated terms-of-dealing document signalling asymmetric last look is alive and kicking
Ullink rolls out trade-reporting solution
The product will help clients to comply with Mifid II reporting requirements
Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink
Abide Financial boosts professional services team by two
Adrian Gill and Murray Abel will report to Mark Kelly, the head of professional services