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Asset management association pushes for Europe to switch to T+1 in 2026

The TRADE

The Investment Association (IA) has concluded that the UK, EU and Switzerland should transition to T+1 settlement on a date in Autumn 2026 after gathering views from its members. The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Announces Acquisition

Global Newswire by Notified: M&A

The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company’s credit facility, and proceeds from one or more capital markets transactions, subject to market conditions and other factors.

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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

First reported by Wall Street Journal, TXSE is aiming for a launch at the start of 2025 and host its first listing in 2026. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC). The TRADE understands that BlackRock has taken a minority investment.

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European Parliament’s approval of Mifid/Mifir revisions a starting gun for change

The TRADE

For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out. In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape.

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Siemens Energy’s struggling wind unit plans $436 million in cost cuts

Global Banking & Finance

The goal […]

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European Council and Parliament reach milestone Mifid compromise on consolidated tape and PFOF

The TRADE

A consolidated tape will be of considerable benefit to the capital markets industry, promoting transparency and ultimately helping to boost growth in European equities. Thursday’s compromise includes the possibility for a member state where PFOF is currently allowed to offer firms in its jurisdiction an exemption.

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EU and UK regulators reveal updated plans for bond tape frameworks

The TRADE

The UK has a leading global market and it is vital to ensure that it remains competitive by widening access to market data and broadening participation in capital markets from investors, both domestically and internationally,” said Victoria Webster, managing director of fixed income at AFME, in an announcement back in September.