Europe News
The latest industry and regulatory news affecting the EU and the UK
-
Cloud Over London
On May 4, the European Commission issued a policy statement discussing its plans to issue legislative proposals by the end of June to address “important and emerging challenges” in derivatives clearing.
CONTINUE READING -
From Paris to Amsterdam
Euronext has signed a binding “heads of terms” agreement with the Intercontinental Exchange to use ICE Clear Netherlands for its derivatives markets.
CONTINUE READING -
2016 FIA Annual Volume Survey: Global Futures and Options Volume Reaches Record Level
FIA’s annual survey of derivatives exchange volume revealed that the total number of futures and options traded on exchanges worldwide reached 25.22 billion contracts in 2016. Although that was only 1.7% higher than the previous year, the increase in the number of contracts traded was enough to set a new annual record for the derivatives exchange industry. The previous high was set in 2011, when total volume reached 24.98 billion. The annual survey includes tables and charts showing exchange and contract rankings as well as breakdowns by region and asset class, and the underlying data can be downloaded directly from the website in Excel format. Read Now
CONTINUE READING -
FIA files letter to ESMA on ancillary activity exemption under MiFID II
FIA’s MiFID II Commodities Working Group, working jointly with EFET members, identified their top-priority questions regarding the ancillary activity exemption under RTS 20 of MiFID II. The questions were sent to ESMA and national competent authorities in a non-paper. FIA is currently identifying additional questions on RTS 20 and 21 of MiFID II that require clarification.
CONTINUE READING -
-
IDX Video: IOSCO targets clearing issues
Paul Andrews, the new head of the International Organization of Securities Commissions, is planning to stake out positions on two issues of critical importance to the derivatives markets: equivalence determinations and the leverage ratio.
CONTINUE READING -
Cultivating Fintech: Deutsche Boerse Invites Startups to Frankfurt
<div class="entity entity-paragraphs-item paragraphs-item-html-content" about typeof> <div class="content"> <div class="field field-name-txt-body field-type-text-long field-label-hidden"></div></div></div>
CONTINUE READING -
FIA updates its set of standard recommendations for ETD eTrading under MiFID II
FIA’s set of MiFID II minimum standard recommendations for ETD eTrading for EU exchanges has now been updated to include an algo conformance statement on materiality.
CONTINUE READING -
Open Outcry
The London Metal Exchange in February unveiled its newly built Ring, the exchange's open-outcry trading floor, after relocating to Finsbury Square in London. The Ring has moved four times since it was established above a hat shop in Lombard Court in 1877. The latest move is the next step in the modernization of the metals exchange, which was acquired by HKEX in 2012.
CONTINUE READING -
Cybersecurity: New Standards for Market Infrastructure
Efforts are underway in Europe and the U.S. to strengthen industry protections against attacks on computer systems. Regulators in both regions are developing new standards for exchanges and clearinghouses, which are seen as critical to the operational security of financial markets.
CONTINUE READING
