The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Swiss Exchange and SIX Exfeed Publish Consultation Paper on Reference Markets

Share article

SIX Swiss Exchange and SIX Exfeed have published their questionnaire to consult with market participants and regulators on the significance of reference markets for securities and the rules which should govern them. All stakeholders are invited to give their valuable input until 30 November 2010.

Link: http://www.six-swiss-exchange.com/download/participants/consultation.pdf

The issues raised can broadly be split into two areas:

1. The principles of real-time reference data pricing. We are seeking advice on the definition, categorization and pricing of the usage of reference data sourced from home markets by alternative venues and others.

2. The meaning of reference markets and reference prices in Europe. As operators of the regulated market for Swiss securities, which are widely traded by EU market participants, SIX Swiss Exchange seeks acknowledgement as the “Reference Market” for these securities, irrespective of the fact that Switzerland is outside the EU. SIX Swiss Exchange also looks to clarify the meaning of “Reference Prices” with regulators, both domestically and within the EU in order to validate the current rules and their cross-border implications and the impacts these have on investors and issuers.

Christian Katz, CEO, SIX Swiss Exchange, commented: “We have received a lot of encouragement in our efforts to lead this industry wide consultation and we are looking forward to sharing the results of this query with the European trading community.”

Related content

WEBINAR

Upcoming Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

Date: 16 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU...

BLOG

A-Team Group Releases Regulatory Data Handbook 2020/2021

A-Team Group releases the eighth edition of its ‘best read’ publication, the Regulatory Data Handbook, today. The handbook is a ‘must have’ for capital markets participants, is free of charge, and profiles every regulation that impacts capital markets’ data management practices. Linda Coffman, executive vice president at The SmartStream Reference Data Utility, leads the handbook...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...