- The European Securities and Markets Authority appears to have banned trajectory-crossing venues in the EU, even though the FCA has allowed them to launch in the UK.
- But the British regulator is delaying a decision on whether to include pre-trade data in the consolidated tape for equities and ETFs.
- Aquis and Cboe won’t bid to run the EU’s consolidated tape. The result might be a less ambitious price feed.
- OptimX goes live on Aquis’s dark order book in the UK. Just don’t call the new platform a trading venue.
- Bilateral trading is changing fast as bank SI activity tumbles and trades flagged as off-book, on-exchange surge.
- The primary market of the LSE had another bad year in 2024. It will take a long time before UK investors rebuild their holdings in domestic stocks.
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