- The Athens Stock Exchange could be a part of Euronext by January. The offer document mentions moving the matching engine to Italy, but it's silent on consolidating clearing and settlement outside Greece.
- An Oliver Wyman report, paid for by FESE, dramatically understates the amount of on-exchange trading, and then proposes draconian remedies to a problem that it has misdiagnosed.
- LSE may join Deutsche Börse in offering extended-hours trading for retail investors. But why would they bother when they can make the same bet tax-free using CFDs?
- EuroCTP now has the backing of every EU listing exchange in its plan to run the consolidated tape for equities. Will their support lead them to contribute their data to the tape?
- The European Commission will publish its plans to improve equity markets by the end of this year. It's all too easy to imagine member states demanding the right to interpret the new rules as they see fit.
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