Market participants raised the issue at an open hearing on Thursday
transparency was the main area of concern at Thursday's open
hearing on the European Mifid II reforms, according to
inter-dealer broker Icap.
the proposed European rules, trading venues would be required
to make information publicly
available though this condition would not apply
to instruments considered illiquid. But trading firms are wary
of the European Securities and Markets Authority's (Esma)
interpretation of what is an illiquid asset class,
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