Mifid proposals on organised trading need a rethink, insists FSA official


The European Commission (EC) should tone down its push for pre-trade transparency and an increased use of organised trading facilities in the over-the-counter derivatives market, according to a senior official at the UK Financial Services Authority (FSA).

Speaking at the TradeTech conference in London on April 13, David Lawton, head of market infrastructure and policy at the FSA, criticised the mandated use of organised trading facilities (OTFs), which the EC has proposed as part of the review

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