FESE announces the winner of the Josseph de la Vega Prize 2016Category: News Room
The Federation of European Securities Exchanges (FESE) is delighted to announce that this year's winners of the De la Vega Prize 2016 are Marlene D. Haas and Marius A. Zoican for their paper "Discrete or continuous trading? HFT competition and liquidity on batch auction markets". Marlene D. Haas is affiliated with Vienna Graduate School of Finance and University of Vienna and Marius A. Zoican is affiliated with Université Paris-Dauphine, PSL Research University, DRM Finance.
The FESE General Assembly approves Budapest Stock Exchange as Full Member and new Board MembersCategory: News Room
On 15th June 2016 the General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved the application of Budapest Stock Exchange to become a Full Member. The Membership will commence as of 1st July 2016.
Response to ESMA Consultation Paper on Guidelines on information expected or required to be disclosed on commodity derivatives markets or related spot markets under MARCategory: Position Papers
Article 7(5) of the Market Abuse Regulation (MAR) provides that ESMA shall issue guidelines to establish a non-exhaustive indicative list of information which is reasonably expected or is required to be disclosed in accordance with legal or regulatory provisions in Union or national law, market rules, contract, practice or custom, on the relevant commodity derivatives markets or spot markets.
Response to the ESMA Discussion Paper on Benchmarks RegulationCategory: Position Papers
FESE supports efficient, fair, orderly and transparent financial markets that meet the needs of well protected and informed investors and provide a source for companies to raise capital and for investors to hedge their portfolios.
Response to ESMA Consultation Paper on Guidelines on transaction reporting, reference data, order record keeping & clock synchronisationCategory: Position Papers
In principle, FESE agrees with the guidelines provided by ESMA, but has provided additional input on key areas around trade flagging, ARMS, data publication and timestamping.