Mifid transparency battle pits dealers against non-banks

Dealers fight to preserve reporting exemptions, but prop traders want US-style regime

right and wrong

Swap dealers and non-bank market-makers are lining up on opposite sides of what is shaping up to be a contentious debate over reforming the European Union’s transparency rules for financial markets.

Banks are adamant that off-venue transactions should not be subject to the same transparency requirements as instruments traded on venues. Non-bank liquidity providers bristle at the notion that trades in standardised instruments should be treated differently to each other.

The International Swaps

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: