France floats U-turn on Mifid’s dark pool restrictions

Leaked doc shows UK competition threat weighs on minds of EU lawmakers over non-exchange trading

Dark pool ripples
Ripples in the pool: could the double volume cap be washed away?

French diplomats presiding over European Union legislative negotiations have suggested softening equities market rules restricting the amount of trading that takes place away from lit exchanges. The rules have long been unpopular among market participants, and the proposal comes amid fears of the UK siphoning business away from the EU.

“I don’t think it’s surprising, because they’re probably concerned about divergence with the UK competitive environment and worried about international investors

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