Emir 3.0: mandatory clearing presence in EU stirs debate

Stock market wall. Image via Rawpixel.com CC0
The trade clearing industry generally likes the EU market trading rules’ proposed update, but it has much less enthusiasm about a provision based on the polity’s plan to take back control of EU trading in the post-Brexit context. Experts at an Efama event said it will increase costs, pose operational challenges and disrupt the practice of ‘block trading’, with one labelling it as an “import tax” forcing the market to “import liquidity”.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.