ECON committee published draft report on dark pools
27 July 2010
The draft report, written by MEP Kay Swinburne, calls for a regulatory level playing field between Multilateral Trading Facilities, Regulated Markets and Systematic Internalisers. It also introduces new requirements for Broker Crossing Networks to submit certain information to authorities.
The draft report calls for a regulatory level playing field between Multilateral Trading Facilities (MTFs), Regulated Markets (RMs) and Systematic Internalisers (Sis), introduces new requirements for Broker Crossing Networks (BCNs) to submit certain information to authorities. It also suggests an ongoing regulatory review of the algorithms used by high-frequency traders (HFTs).
The first exchange of views in ECON committee is scheduled for September 13.
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