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OMX Halves Reporting Fees

In what appears to be a move to fend off competition from trade reporting utilities such as Project Boat, the OMX Nordic Exchange will cut its fees for trade reporting by half from April. The fee cut covers cash equity trades across the Stockholm, Copenhagen and Helsinki stock exchanges, and is expected to cost OMX SEK (Swedish Krona) 50 million ($7.26 million) per year. Officials say the fee reduction is the first step in a plan to introduce MiFID-targeted products for

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Pushing the boundaries of TCA

S&P Global Market Intelligence finished runner-up in the perennially competitive TCA system provider category of the Waters Rankings 2024. Michael Richter, global head of trading analytics, discusses the TCA challenges facing the firm’s buy- and sell…

DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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