Siemens Energy’s struggling wind unit plans $436 million in cost cuts
Global Banking & Finance
NOVEMBER 21, 2023
The goal […]
2026 Capital Market Finance 
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European Council and Parliament reach milestone Mifid compromise on consolidated tape and PFOF
The TRADE
JUNE 29, 2023
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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The Thursday T+1 trading conundrum
The TRADE
JULY 3, 2024
The issue has been flagged by participants in various arenas, most recently on stage at the inaugural CMX conference held by the Finance Hive last week. When quizzed on their views of how the market was handling the transition to T+1, the issue around trading on a Thursday was raised several times by buy-side speakers.
European Parliament’s approval of Mifid/Mifir revisions a starting gun for change
The TRADE
JANUARY 16, 2024
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.
Recent EU consolidated tape compromise is a ‘missed opportunity’, says AFME
The TRADE
JULY 4, 2023
“This was an opportunity to create a single, worldwide window to the equity market in the European Union and to reduce the costs of market data, which has been a long-standing issue in assessing Europe’s competitiveness.” A decision that has been largely welcomed by participants. told The TRADE.
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