The TRADE

JULY 4, 2023

However, while many market participants agree the compromise is a long-awaited breath of fresh air, others disagree. Among them is the Association of Financial Markets in Europe (AFME) that has noted that some aspects of the deal are likely to lead to suboptimal outcomes due to the lack of clarity on the inclusion of pre-trade data.

Trading 75

Trading Financial Market Equities Capital Market 75

The TRADE

JANUARY 16, 2024

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.

Capital Market 69

Capital Market Equities Book-building Trading 69

The TRADE

JUNE 29, 2023

However, this will be phased out by 30 June 2026. “I am glad we have found a political agreement on this review that will bring more transparency and make market data more available,” said Elisabeth Svantesson, Swedish Minister for Finance in a statement. “A more transparent and accessible financial market will improve the level-playing field (..)

Trading 58

Trading Equities Capital Market Financial Market 58