There is increasing urgency to transform the EU’s capital markets.
FIA European Principal Traders Association says the scale of the unreported segment is material.
While lit market operators question dark liquidity, more exchanges are opening their own dark platforms.
ESMA aims to deliver its final assessment on shortening the EU's settlement cycle by 17 January 2025.
Alternative asset managers can continue to play an essential role in EU capital markets.
The rules establish EU-level ‘consolidated tapes’ across assets.
Investment firms were required to report annually on trading venues and execution quality.
The agreement acknowledges the importance of alternative asset managers in EU capital markets.
The strategic alliance in the U.S. and Japan has been progressing well.
