EFAMA replies to IOSCO Consultation Report regarding ‘Issues Raised by Dark Liquidity’

02 March 2011

The comments were focused on the principles that IOSCO had proposed, as well as on the transparency issues.

 

Regarding the IOSCO Report, EFAMA has the following comments:

- We thank the IOSCO Technical Committee for dealing with Dark Liquidity, an issue which needs to be assessed from a regulatory perspective due to the development of dark pools and dark orders.

- We approve and support the 6 Principles proposed by IOSCO, which provide a path towards a minimum regulatory convergence on this topic at worldwide level.

- Improving the transparency of Dark Pools and Dark Orders is a general Principle to be followed, at least towards regulators and to a large extent towards market participants.

Press release

 


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