Equivalence failure threatens European share trading
UK and EU investors may be forced to trade dozens of shares on less liquid exchanges, analysis shows
European Union and UK investors may be barred from the biggest pools of liquidity for many of the shares they trade, potentially denting funds’ performance, if the two jurisdictions fail to grant each other equivalence at the end of the year.
Based on a statement from the European Securities and Markets Authority (Esma) and research by Risk.net, EU investment firms would be cut off from the
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