Firms have warned technical standards could impact effectiveness of regime
The London Stock
Exchange, Nasdaq OMX, broker Icap and LSE subsidiary
LCH.Clearnet backed on Wednesday Europe's proposals to open up
key pieces of market infrastructure to competition under an
initiative known as open access.
In a letter to European Securities and
Markets Authority (Esma), the firms underlined their support
for the open access provisions in the Markets in Financial
Instruments Regulation and called on regulators to ensure the
technical standards in the related directive reflect the
principles of the regulation.
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