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Poor trading data is hampering the European Union's capital market, ruling out any radical reform to securities rules before statistics have been improved, a senior official from the bloc said on Friday. ....
Thyagaraju AdinarayanSaikat Chatterjee 1/3 A trading screen is seen following the opening of the markets by British Chancellor of the Exchequer Philip Hammond and Chinese Vice-Premier Hu Chunhua at the London Stock Exchange in London, Britain June 17, 2019. REUTERS/Henry Nicholls/Pool Read More Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, dark pools that host blockbuster trades, are pulling in major money in Europe. Their rise has been swift. On June 24, 2016 - the day after the Brexit vote - just 3% of trades on the London Stock Exchange s Turquoise shares platform were carried out in its dark pool via so-called block trades, mega-bets of around $800,000 or more. ....
Huw Jones 3 minute read TV screens show the German DAX Index during a trading session at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralph Orlowski The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to perpetuate their dominance . The EU is reviewing its stock and bond trading rules, known as MiFID II, triggering a battle between exchanges and their top customers, the banks and large asset managers, over competition. ....