Updated input on MiFIR “Non-discriminatory” Access: How to incentivise ETDs trading

The EU’s current political reflections on key initiatives, such as the future of the Capital Markets Union (CMU) or the international role of the Euro, are a symbol of the need to have fully operational, stable and independent market infrastructures to support through their capital-raising and risk-management functions the financing of EU economies.

Trading on transparent, multilateral Exchange Traded Derivatives (ETDs) markets could be further incentivised. The paper highlights a set of measures that could be taken into account when assessing how to create an even deeper ecosystem in line with EU policymakers’ policy objectives.