Industry frowns on FCA’s single-sided trade reporting efforts
Buy side warns UK attempt to ease Mifir burden may miss target; dealers aren’t happy either
Proposals by the UK’s Financial Conduct Authority (FCA) to encourage greater use of single-sided trade reporting look set to disappoint both investors and dealers in the country’s market. Buy-side firms are unlikely to make use of the mechanism, while large dealers don’t want to offer it to their clients.
“We really don’t think it’s going to be particularly attractive as a proposition to members,”
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