Tradeweb.com
  • Home : Media Center : News Releases : Tradeweb Responds to EC Consultation on the review of the Markets in Financial Instruments Directive (MiFID)
  • Tradeweb Responds to EC Consultation on the review of the Markets in Financial Instruments Directive (MiFID)

    02/01/2011

    In response to the European Commission Consultation Paper in review of the Markets in Financial Instruments Directive (MiFID), Tradeweb makes the following observations: 

    1) Tradeweb is broadly supportive of the Commission's objectives of increasing transparency, improving market efficiency and stability, and encouraging competition among different trading venues.

    2) Tradeweb endorses the Commission's proposal relating to the trading of clearing eligible derivatives on regulated multilateral venues, which is in line with the Commission's stated objectives of the trading of derivatives on exchanges and electronic platforms becoming the norm.

    3) Tradeweb also welcomes the Commission's general approach of not prescribing any particular trading protocol/execution model on such multilateral venues.

    4) The introduction of a new, wide-ranging "organized trading facility" (OTF) category is unnecessary and risks a more fragmented approach to supervising trading venue providers operating in the same markets and providing the same service.

    5) Tradeweb supports the Commission's goals of greater transparency, irrespective of the trading venue. Pre and post- trade transparency arrangements should focus on the impact on liquidity, and be specifically geared to the particular asset class.

    The full response from Tradeweb to the EC Consultation Paper is available online in PDF format.

    Download File(PDF, 2.44 M) 

This website uses cookies. For information on what cookies are and how Tradeweb uses them, please see the privacy policy. By continuing to use our website, you accept our use of cookies. close message