Below a few points, the EBF and its members underline:

• The EBF supports both multilateral and bilateral trading models to co-exist since they serve different functions and needs. As far as equity transparency is concerned, EBF supports not to restrict end-clients’ access to different types of execution venues such as Sis and to revise the double volume cap system (DVC) in consideration of Brexit.
• Considering the specificities of bonds and derivatives markets, the EBF supports a revision of the deferral regime while keeping the SSTI thresholds for Sis.
• The EBF is particularly worried by the rise of market data costs since 2007.
• The EBF agrees that a properly constructed Consolidated Tape (CT) could bring benefits to the EU capital markets such as consolidated information and increased transparency.

Click the button below for the full EBF position.