EU Rules may shake up equity data

In a move that shows no good deed goes unpunished, industry associations and insiders want to nix a current European Union proposal to improve trade reporting transparency because the new regulation will have a host of unintended consequences.

Under current regulations, firms that conduct trades off-exchange in the bi-lateral "upstairs market" still have to report the trades via their local regulated market. Upstairs markets are used when firms find better prices by trading directly with other dealers on an OTC basis or because they don't want to reveal their trading activity to the wider market.

Now the European Union has proposed The Markets in Financial Instruments Directive, known as MiFiD or ISD2, in an effort to increase

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here