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FCA guidance on post-Brexit trading venue definition comes into force today

The TRADE

The UK’s Financial Conduct Authority (FCA) has confirmed that its guidance regarding the post-Brexit definition of trading venues has come into force today, 9 October. In addition, market players were encouraged to share its views on whether the trading venue regime could be made more proportionate to smaller firms.

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Are we on our way to 24/7 trading in equities?

The TRADE

On the other hand, foreign exchange – the largest financial market in the world – benefits from the fact that trading is not limited to one central location but is instead conducted between participants by phone and electronic communication networks (ECNs) in a wide range of markets globally.

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