UK and EU regulators diverging on double volume caps

Rule that limits anonymous equities trading to be reviewed in UK, but EC has bigger fish to fry

european commission headquarters
The EC will not be focusing “on some micro adjustments on percentages of the double volume cap”

UK and European Union regulators have set out contrasting approaches on EU rules that limit equities trading on unlit venues, indicating potential divergence between the two jurisdictions post-Brexit.

Speaking at the TradeTech 2020 online conference yesterday (October 21), Fabio Braga, manager of trading and wholesale conduct policy at the UK Financial Conduct Authority, said the UK regulator would early next year commence engagement on a review of the second Markets in Financial Instruments

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