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In the aggregate, K-12 executives are reporting a bookings shortfall this year relative to expectations, with some degree of caution for the coming years. Bookings are down relative to expectations K-12 bookings were down this year relative to expectations for a majority of executives.
For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out. In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape.
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