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FIA EPTA comments on ESMA’s Call for Evidence on Periodic Auctions

11 January 2019

FIA EPTA is agnostic about the advent of periodic auction systems as such, and we welcome any form of meaningful market model innovation that is able to compete on its own merits with other market models. We believe it is essential that periodic auction systems offer meaningful levels of transparency, multilaterality, and contribution to price formation and believe ESMA’s focus on these three elements in periodic auctions could have a positive effect.

  • FIA EPTA
  • Position Papers