One year to go: Brexit is coming
One year from today, the UK will leave the European Union. In our last post here, we reported that the UK and European Commission had jointly issued a new version…
Blockchain and crypto update – initiatives progress but some stall
There have been quite a few developments in the blockchain and crypto currency world since our last post on the topic (see here). Blockchain initiatives BTL has announced here that…
ESMA issues updated MiFID II commodity derivative Q+A
ESMA has updated the questions and answers document on commodity derivatives issues under MiFID II. The updated document can be found here. There are 3 new questions and 1 updated…
MiFID II – Some issues in the wider world
It has now been several weeks since the start of MiFID II, and things are settling down for many since our last post on the topic (see here). In the…
Two capacity hoarding cases revealed in Denmark
The Danish Energy Regulatory Authority (DERA) has today announced that they have surrendered two cases of possible electricity capacity hoarding on the Elbas market to the Danish police. The announcement…
ACER Guidance Note on Capacity Hoarding
ACER has today issued a guidance note on Capacity Hoarding, which can be found here. This follows the publication of a paper last year on wash trades (see here). Summary…
The Brexit story continues
Yesterday saw many headlines in the story of Brexit, with a "significant step" in finalising a transition agreement announced (for example see here on the Sky new web site, here…
Streamlining regulatory reporting – document from Europex
This blog has covered the many streams of regulatory reporting to which market participants have become subject to over the past years. The burden is also high for trading venues,…
Algorithmic trading, anti abuse measures and an interesting view on insider trading
The focus on algorithmic trading with regards to anti abuse measures continues. Last week, Nasdaq published this article entitled "Best Practices in Algorithmic Trading Compliance". It summarises the measures outlined…
Compliance culture – FCA paper and more
The UK's Financial Conduct Authority has published this paper entitled "Transforming Culture in Financial Services". It contains several essays from different parties on "good" culture in financial services organisations and…