Response to ESMA Consultation Paper on Guidelines on the calibration, publication and reporting of trading haltsCategory: Position Papers
FESE believes that safeguard mechanisms are fundamental in preventing or limiting the occurrence of extraordinary volatility events or the so-called “flash crashes” in equity markets. Over the past years, and in many cases prior to MiFID I implementation, many European trading venues have successfully implemented safeguard mechanisms.
Response to ESMA CP on RTS specifying the scope of the consolidated tape for non-equity financial instrumentsCategory: Position Papers
In line with our views on equity data consolidation, FESE believe that any initiative must aim to achieve a meaningful market data consolidation in a multi‐venue world.
Response to ESMA on the Benchmarks Regulation Consultation PaperCategory: Position Papers
FESE supports working with ESMA to construct a workable regime for benchmarks provided by trading venues. FESE’s response to the ESMA consultation on technical standards for the Benchmark Regulation focuses on the main following areas: the definition of regulated data, transitional provisions, third country provisions, exemptions to the benchmark methodology in case of sudden market events and the provisions for code of conducts and compliance statements.
Response to ESMA Discussion Paper on Trading Obligation for DerivativesCategory: Position Papers
In its response, FESE urges ESMA to consider the overall impact the work on the EMIR Clearing Obligation will ultimately have on the final implementation of the MiFIR Trading Obligation, since any instrument which does not fall under the scope of the EMIR Clearing Obligation will not be eligible for the MiFIR Trading Obligation.
Lee Hodgkinson of Euronext elected as Vice President of FESECategory: News Room
On 17th November 2016, Lee Hodgkinson from the pan European exchange Euronext was elected as FESE Vice President for a term of three years.