Maijoor said data available was affecting ability to set liquidity thresholds
chairman of the European Securities and Markets Authority
(Esma), has said the regulator is actively looking to revise
aspects of the controversial Mifid II transparency
Under the proposals,
trading venues will be required to publish trade data before
and after the trade is executed.
The regulation allows
instruments considered illiquid to avail of a pre-trade
transparency waiver and a post-trade transparency deferral.
However the industry has criticised the agency’s
determination of an illiquid market as too broad.
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