MAR extension to spot FX market needs further analysis, says ESMA
Further analysis is required once the review of the FX Global Code of Conduct is finalised before spot FX is included under the market abuse rules, ESMA has said.
Tag: Spot FX
LMAX launches weekend currency trading service for institutional investors
David Mercer, CEO of LMAX Group, says spot FX trading could move to 24/7 trading within five years as the venue launches weekend currency trading service.
Buy-Side
Buy-side rejects “redundant” move to expand MAR to spot foreign exchange
Asset managers have poured cold water on plans to expand MAR to include spot FX due to the impact of the FX Global Code of Conduct.
Instinet expands Newport with launch of spot FX trading platform
Instinet reaches beyond equities to incorporate foreign exchange through launch of new agency trading business.
ESMA considers expansion of MAR to include spot FX market
Spot FX is currently out of scope of MiFID II and MAR, but ESMA is contemplating bringing the market in scope of the market abuse rules.