With mergers between HFT companies and some losing money it now seems that only the fastest are profitable; there is no longer any value in being second. As a result these companies business models are changing.
Five research providers have created a code of conduct aimed at establishing transparency on the valuation and pricing of research in order to allow asset managers to meet MiFID II regulations. Read More
ESMA have proposed nine conditions concerning the relocation of regulated companies from the UK based on the premise that they should not benefit from an EU passport while “essentially performing all substantial activities or functions outside the EU27”
Steven Maijoor, the chairman of the European Securities and Markets Authority has said that, in order to ensure risks to the financial stability of the euro zone are minimised, clearing houses outside of the EU would need to be more tightly supervised. Read More