Evasion concerns hamper Mifid package trade fix

Esma working on package trades, but "too premature" to discuss a solution

Esma: too soon to say how packages will be treated

European transparency rules could spell the end for popular package trades comprised of liquid and illiquid legs, market participants warn - but regulators worry the industry's proposed solution will make it easier to evade the regime's disclosure requirements.

The European Securities and Markets Authority (Esma) is currently calibrating liquidity definitions for the second Markets in Financial Instruments Directive (Mifid II) - a process that will ultimately determine whether certain

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