Potential impacts of the proposed plans from the latest ESMA Consultation Paper

The European regulator has proposed plans to review existing MiFID/MiFIR equity transparency by removing certain trading protocols to encourage more activity onto lit continuous markets. The potential downside risk is that some of these proposed changes may limit your ability to look for price movement.

We have put together a report based on discussions with buy-side Members. Here we highlight the benefits in being able to access alternative trading protocols alongside lit primary markets given that not all trading, nor all market participants have the same objectives.

Read the report here.  
The deadline for responses to ESMA Consultation Paper are due March 17.

Compiled by Rebecca Healey, Liquidnet

The FIX Trading Community Buy-Side Working Group, made up of leading institutional asset managers, convened recently to discuss the latest regulatory and political developments, and how future changes proposed under the recent ESMA Consultation Paper may impact the investment management industry. This document summarizes the multiple issues this group discussed and proposes some alternative options for consideration.