Financial MarketsRSS
Frankfurt Stock Exchange

EU seeks curbs on dark trading in favour of exchanges

The EU is looking to divert more trade away from dark trading and into lit venues by reducing the double volume cap (DVC) to 7% from 8% and to remove the 4% venue-specific DVC. 

Daniel Carpenter

Industry welcomes EU postponement of CSDR mandatory buy-in provisions

Following months of speculation and industry requests, the mandatory buy-in provisions contained in the Central Securities Depositories Regulation (CSDR) have been delayed by the European Commission. 

Equity ticker

European Commission paves way for consolidated tape

The EU’s consolidated tape (CT) took another step towards reality with the European Commission putting forward four legislative proposals to support its introduction. 

Money markets, repos and stablecoins pose threat to US financial stability

US markets face potential vulnerabilities around liquidity risks relating to money market funds, repo markets and even stablecoins, the Office of Financial Research (OFR) warned in its 2021 report to Congress.

US market firms told to prepare for one day trade settlements

US markets firms are being told to prepare for a move to a one day (T+1) trading settlement cycle from the current two days (T+2) in the first half of 2024 in a bid to give them enough time to prepare for the change.

FCA ending unbundling rules for small cap research

Investment research covering listed companies with a market cap of less than £200m will be exempt from unbundling rules, the UK’s Financial Conduct Authority said. 

CPMI consults on introducing 24/7 RTGS services

Payment systems operators and other interested parties are being consulted by the Committee on Payments and Market Infrastructures (CPMI) about measures to enhance cross-border payment systems, which would involve extending operating hours and introducing a global settlement window.

David E Rutter

The future of finance isn’t completely centralised or decentralised, it’s hybrid

Interest in decentralised finance, or ‘DeFi’, is booming in the technology world. The term has invited enthusiasm, scepticism and curiosity, in equal measure. There is no doubt that the technology could be host to a number of exciting applications. At its core, DeFi rests upon the central principle of disintermediation, and this could have many benefits, including the democratisation of finance. 

Daniel Alexie HS

Will digital currencies cause a financial cataclysm?

The phenomenal growth of the global digital currency market has made headlines throughout this year. No surprise, perhaps, given that its aggregate value has surged from $800bn to $2.3tn during that time. This raises the question as to whether or not they represent a serious systemic threat. 

Fed should consider acting through FICC for US Treasury market stability

Expanded central clearing, may need to be implemented by regulators to help address liquidity weaknesses in the US Treasuries market so it can better withstand disruptive events such as the Covid-19 pandemic.