EU unveils ambitious plan to unify Europe’s financial markets
The measures, developed in line with Europe’s Savings and Investment Union (SIU) strategy, aim to remove barriers, simplify supervision, and encourage innovation across the EU.
The measures, developed in line with Europe’s Savings and Investment Union (SIU) strategy, aim to remove barriers, simplify supervision, and encourage innovation across the EU.
In a co-signed letter, the associations outline five key recommendations, which include expanding the depth of pre-trade quotes and adding venue identifiers on pre-trade data.
The European Parliament proposes dispensing of mandatory buy-ins altogether, while entry into the Official Journal of the European Union stops rule from coming into force until November 2025.
A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.