Best Execution on LinkedIn: EU prop trading firms spend x3 time on regulation than US counterparts -… (2024)

EU brings clarity to interim MiFIR data and reporting obligations The European Commission has published a draft notice on the transitional provisions of the Markets in Financial Instruments Regulation (MiFIR) review.#MiFIR #EU #data #reporting #EuropeanCommission #BestExecution https://hubs.li/Q02r423p0

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When, not if: ‘UK should move to T+1’The UK should commit to move to a T+1 settlement cycle. That is according to the UK’s Accelerated Settlement Taskforce, which recommends setting up a technical group to handle the transition.The report suggested that there is a “clear consensus” that the UK should move to a T+1 settlement cycle, citing harmonisation with international markets, improving market resilience, and a reduction in risk and cost savings. “The discussion for the UK needs to shift to how it moves to T+1 rather than whether it should do so,” the report noted.#settlement #harmonisation #markets #regulation #BestExecutionhttps://hubs.li/Q02r3X-90

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SEC issues T+1 risk alertThe U.S. Securities and Exchange Commission (SEC) has issued a Risk Alert, imploring market participants to ensure they are ready for the transition to T+1 on 28 May 2024.#markets #regulation #RiskAlert #BestExecution https://hubs.li/Q02r1YTh0

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As part of our Diversity on the Desk series, Lauren McAughtry spoke with Melissa Ellis of Virtu Financial, about gratitude for those who have gone before, the importance of growing a #femaleleadership presence in #fintech, and the different ways in which Virtu supports #diversity in the workplace.#DiversityontheDesk #womeninfinance #markets #trading

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Pakistan teeters on FTSE Equity Index reclassificationThe update was given with FTSE Russell’s publication of the March 2024 FTSE Equity Country Classification Interim Announcement#FTSEEquityCountryClassification #FTSERussell #BestExecutionhttps://hubs.li/Q02r1F360

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AIM delisting: Catalyst for private markets growth? Drug discovery firm C4X Discovery Ltd is set to de-list from London Stock Exchange sub-market AIM and to re-register as a private company before appointing Asset Match Limited as a secondary trading facility. The firm’s pivot to a private market comes amid a wider drought in primary market listings and reflects an increasing interest in private markets. C4X Discovery CEO Clive Dix said: "We believe that a cancellation of the company’s admission on AIM is in the best interest for shareholders and for the future of our business as a whole."The move by C4X aligns with increased interest in private markets, seen by some as a solution to the current capital markets squeeze in the UK (and across Europe) that has seen IPOs dwindle and listings (and liquidity) flee to the US.#privatemarkets #primarymarkets #trading #delisting #capitalmarkets #BestExecution Aquis Exchange https://hubs.li/Q02qX2zJ0

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New on Best Execution: As part of our #DiversityontheDesk series, Lauren McAughtry spoke to Catriona Lawlor of Baillie Gifford, recently moved to #NewYork, about how to make this industry a attractive career path for women, why networking is so important – and why you should always say yes to speaking at conferences.#markets #trading #women #womeninfinance #diversity #inclusion #IWD

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Regulatory Round-up March In this instalment of our Regulatory Round-up, we see associations in the US band together to challenge the #SEC, Japan conduct a successful trading analysis data proof of concept, and the Australian Securities Exchange (#ASX) outline its clearing and settlement system replacement. Elsewhere, Europe is consulting on green bonds and crypto assets, and the #FIA responds to a paper on critical third parties in the #UK financial sector.#regulation #equities #markets #finance #crypto #BestExecution https://hubs.li/Q02qTmGN0

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The founder and CEO of BlackRock, Larry Fink, has called the US lack of retirement funding a “once in a decade problem”. In his iconic annual letter to investors, released today, he holds up US #secondarymarkets as an example (and an imperative) of how the world should be funding longer lives, financing larger infrastructure projects, and boosting private markets - and calls for stakeholders to work together to bring back economic hope for the next generation. #markets #assetmanagement #trading #outlook #millennials #GenZ #finkharder

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