The exemption, approved by the Committee of Permanent Representatives, comes as part of the Council’s broader agreement on a negotiating mandate aimed at accelerating settlement timelines across the EU.
The approval builds on Hidden Road’s recent expansion of its fixed income prime brokerage platform and follows the firm’s acquisition by Ripple announced earlier this month.
New consultation paper explores how effective US Reg NMS rule is while also re-tabling VWAP Crossing in Europe, reviewing dark trading levels in Europe, the prospect of 24-hour trading and more.
Sustainability-focused exchange expects to begin trading in early 2026.
Among the proposed rules are incoming changes to the operation of systematic internalisers (SI), with more structured processes for informing national regulators set to be introduced.
The European Securities and Markets Authority (ESMA) has communicated its decision directly to the relevant bidders, The TRADE understands.
Almost half of EMEA FIX Trading conference attendees said that the impacts on price formation in public markets as a result of increasing bilateral trading is their greatest regulatory focus for 2025.
SEC rule delay aimed at maintaining status quo in the $28.5 trillion market until end of 2026.
Following the taskforce report published on 6 February, the FCA is calling on the industry to engage and start planning as soon as possible.
Move comes a year after the introduction of the policy which saw significant backlash from the industry upon unveiling.