How ‘open’ became ‘random’ in Mifir open access CCP rule

EU clearing monopolies endure as share trades are rarely cleared at end-users’ chosen CCP

In the large family of European Union financial edicts, the rule known as Mifir open access is something of an underachiever. In the almost four years since its introduction for cash equities, there has been only incremental progress towards the rule’s goal – moving clearing flows away from dominant clearers to boost competition and lower costs.  

The provisions, contained in the Markets in Financial Instruments Regulation, were designed to enable counterparties to choose where to clear trades

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: