February 14, 2017 BY Valentina Kirilova
ESMA writes to European Commission on MiFID II systematic internalisers operating broker crossing networks
The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic internalisers (SIs) by investment firms to circumvent certain MIFID II obligations; in particular, the requirements for investment firms operating internal matching systems and executing client orders on a multilateral basis…
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