MiFID II will push biz out of EU, says trading body

Letter fotolia
By GlobalCapital
12 Sep 2017

The Electronic Debt Market Association (EDMA) has penned an open letter to European Securities and Markets Authority chairman Steven Maijoor raising concern that left as they are, MiFID II regulatory technical standards will push trading out of the European Union.

David Bullen, secretary general of EDMA Europe, has signed the letter with CEOs of the MarketAxess, MTS, NEX and Tradeweb trading venues. 

EDMA Europe is concerned that important market participants not under direct MiFID II purview will be able to avoid the regulation's data collection responsibilities for ...

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