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Rosenblatt's Market Structure News Digest - European Edition

Rosenblatt's Market Structure News Digest - European Edition
  • Who wants to be a PEMO? Euronext, certainly. Nasdaq and SIX, probably. The European Commission introduces Pan-European Market Operator status.
  • Extended-hours trading goes live on a major European exchange, but only for qualifying retail orders.
  • SIX plans to break Spain's vertical silo for trading and clearing by consolidating its central counterparty business in... Spain.
  • With its takeover of the Athens Stock Exchange, Euronext extends its roster of listing markets to eight. The group is also introducing new services to hold on to market share in its existing seven markets.
  • The UK FCA proposes a consolidated tape for equities with attributed, top-of-order-book best bids and offers. It's not what the LSE wanted, but it is most likely to be a commercial success, the regulator says.

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