Market Structure

EPTA has responded to the FCA’s Consultation on the framework for a UK equity consolidated tape. We support the proposed inclusion of post-trade data and an attributed top of book for pre-trade quotes, as a compromise to begin operations whilst building for a future that would optimally including five layers of pre-trade data. CONTINUE READING

EPTA has responded to the FCA Consultation Paper on the UK Short Selling Regime. The response is generally in favour of the proposed changes while suggesting some further reforms to meet their objective, which is to reduce the operational burden on firms and make the SSR fit for the UK market. CONTINUE READING

EPTA has joined with EFAMA and Adamantia in authoring a set of recommendations on what is needed to ensure a successful consolidated tape for equities and exchange-traded funds. A well-functioning tape will help investors make better-informed decisions, tying in with the goals of the Savings and Investment Union. CONTINUE READING

FIA EPTA has joined AFME and EFAMA in a call on stock exchanges to improve outage management. The associations set out four priorities to support more resilient markets. CONTINUE READING

EPTA has responded to the Financial Conduct Authority regarding its consultation paper on the SI regime for bonds and derivatives, including a discussion paper on equity markets (CP 25/20). CONTINUE READING

FIA EPTA urges no step back in post-trade transparency in derivatives, in response to an ESMA consultation on revising RTS under the MiFIR review. CONTINUE READING