The European Parliament and Council today reached agreement on draft EU legislation on investment funds (the UCITS V directive), a sector that is valued at almost €6.3 trillion. The legislation, which is being shepherded through the European Parliament by Green draftsperson/rapporteur Sven Giegold, will now enter into law following final endorsement by Parliament and Council. […]
ECON report on enhancing the coherence of EU financial services legislation
Dear friends and colleagues, The Economic and Monetary Affairs Committee (ECON) of the European Parliament has published a report on measures of how to enhance the coherence of EU financial services legislation. The ECON Committee held a public consultation on that topic in 2013 and the resulting conclusions and intended steps are presented in the report. […]
Results of the MiFID deal
High frequency trading Tick size regime: The smallest change by which a price of an investment product on a trading venue will be able to alter (tick) will be regulated. Smaller ticks increase the possibility for high frequency trading strategies to create revenues. Algorithms: Traders planning to use algorithmic trading on a trading venue will […]
Financial and investment rules (MiFID): Deal will curb food speculation, limit high freequency trading and bring greater transparency
The European Parliament and Council today reached agreement on proposals to revise EU legislation on markets in financial instruments (MiFID/MiFIR). The Greens welcomed improvements on market transparency and high-frequency trading (HFT) as well as curbing speculation, through the use of derivatives, in food, energy and other commodity markets that can have significant negative impact on […]