The MiCA license, granted by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) will allow the firm to expand its European footprint across OTC spot trading operations.
The firm has submitted a letter of Acceptance, Waiver and Consent (AWC) to FINRA in response to alleged violations which include failure to detect market manipulation on its overnight session, spanning spoofing, layering and further manipulative order entry patterns.
Specifically, the build out is expected to bolster Marex’s footprint in Australian markets and enhance its current OTC hedging capabilities.
Shareholders have until 30 June 2026 to share their views on the trends highlighted; the paper references key findings including the evolution of addressable and non-addressable liquidity, as well as on-book versus off-book trading between 2022 and 2025.
The request for a temporary exemption to operate without active public market data feeds for overnight sessions aims to speed up investor access and trading on the exchange, and follows the SEC’s application for public comment on the matter in February 2026.
The new industry body aims to support the interests of approved reporting mechanisms (ARMs) in these regions; launch follows the FCA’s recent consultation of improving the UK transaction reporting regime.
The authorisation – granted by the Netherlands Authority for the Financial Markets (AFM) – complements the firm’s ongoing expansion in Europe, and existing UK operations.
The proposals span post-trade transparency and simplified reporting concerns, and follow the FCA’s recent consolidated tape and transaction reporting consultations, which closed in February 2026.
The regulatory body confirmed that it “will set out any proposals for changes in due course”; news comes as the EU is set to enforce a full-scale ban of the practice on 30 June 2026.
In a joint paper, AFME and EFAMA highlight that mechanisms such as bilateral trading should not be curbed, to deliver efficient execution and investor choice and simultaneously bolster equity markets across Europe.