ESMA ends trading obligation consultation but concerns are still open
The European Security and Market Authority (ESMA) closed the consultation period on trading obligations for derivatives this Monday — but with implementation due in January, many of those affected are still concerned.
The trading obligation requirement for derivatives is a key component of G20 OTC derivatives reforms proposed in 2009 and will move liquid OTC derivative trading onto exchanges.
“ESMA is a firm believer in the positive effects the trading obligation will have on the transparency and competitiveness of derivatives markets,”
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