Factors That Can Affect Stock Prices
LONDON and NEW YORK, Jan. 03, 2018 (GLOBE NEWSWIRE) – ITG (NYSE: ITG ), a leading independent broker and financial technology provider, today released a survey of buyside traders about how Markets in Financial Instruments Directive II (MiFID II) is likely to impact European trading liquidity in 2018. The December 2017 survey polled more than 50 buyside institutional investors who trade European equities. This is to take account of the exceptional technical implementation challenges faced by regulators and market participants. The European Commission has today proposed granting national competent authorities and market participants one additional year to comply with the rules set out in the revised Markets in Financial Instruments Directive , known as MiFID II. The new deadline is 3 January 2018.
Computer security experts have discovered two major security flaws in the microprocessors inside nearly all of the world’s computers. The two problems, called Meltdown and Spectre, could allow hackers to steal the entire memory contents of computers, including mobile devices, personal computers and servers running in so-called cloud computer networks.
Equities underperform during tight monetary policy periods, as higher interest rates restrict risk appetite and make it relatively expensive to buy securities on margin. However, there is typically a substantial lag between the time when a central bank commences tightening monetary policy and when equities peak. As an example, while the Federal Reserve began raising short-term interest rates in June 2003, U.S. equities only peaked in October 2007, almost 3½ years later. This lag effect is attributed to investor confidence that the economy was growing strongly enough for corporate earnings to absorb the impact of higher interest rates in the early stages of tightening.
Copyright law would likely be less affected by Brexit, but given the fact that EU case law has shaped much of our recent understanding of such rights, Brexit could lead to uncertainty as to the scope of protection. Post-Brexit, the English courts would no longer need to interpret national laws in light of EU legislation and jurisprudence so the decisions of English courts could result in widespread divergence from those of the EU – indeed the English courts have on several occasions questioned the wisdom of a number of decisions taken by the European Courts.
When a broker such as The Share Centre undertakes a trade for a customer, we report that trade to the market. This requires a unique identifier for each customer that trades, and that would vary between multiple brokers. MiFID II requires a common identifier – in the case of the UK this will be the National Insurance number and nationality – so that trades across multiple brokers undertaken by the same customer can be easily identified as relating to the same customer. This will improve monitoring of possible market abuse and other aspects of regulatory oversight. If you haven’t already provided and responded to your broker’s request for this information, you will need to do so, otherwise you will be stopped from trading. Be warned!