Lawmakers seek to harden Mifid SI limits

European Parliament calls for guidance restricting riskless trading to be codified into law

Set rules: Parliament is seeking a hardening in legislation

European lawmakers are pushing for guidance targeted at closing a suspected loophole in new market rules to be written into law, although the industry worries the new rules could restrict some normal market activities.

“Every market-maker has to be able to trade out of their positions either with another market-maker or on a public market. I understand the exchange lobby is concerned about loopholes, and I do think there is a chance there will be significant interconnectivity, but it’s logical