FESE welcomes the opportunity to make suggestions to the draft technical standards proposed by ESMA.
We welcome the Commission's proposals and fully endorse the objectives supporting the revision of MIFID.
A consortium of exchanges and technology suppliers have developed a set of common standards designed to restore post-trade transparency in the European equity markets.
Europe's exchanges have voiced their concerns that broker crossing networks are not being subjected to the same level of scrutiny as traditional bourses in the current debate on regulating automated trading.
Europe's exchanges have hit out at plans to create a new type of trading venue category as part of MiFID's overhaul, warning the proposal will cause an "irreversible race to the bottom" for regulation.
European stock exchanges together with Thomson Reuters, Bloomberg, the LSE and Nyse Euronext have agreed a framework for developing a consolidated tape of post-trade equity reporting data across Europe.
Quote MTF, a next generation trading venue for Pan-European equities, today publicly confirmed its commitment to the Federation of European Securities Exchanges (FESE)'s initiative for a Pan-European harmonised tick size regime.
European stock exchanges are promising to eliminate fees on 15-minute delayed data by the end of the year as they step up their campaign against the introduction of a mandatory consolidated tape for EU market data.
The most important challenge to confront in the MiFID review concerns the regulatory boundaries and requirements among the different execution venues.
FESE wrote to CESR last year to urge for greater transparency on equity OTC trading in general and on crossing networks in specific. We welcome the fact that CESR has started a work stream on this subject and look forward to viewing the initial findings.
© Finextra Research 2013