Although the latest edict from the European Securities Market Authority (ESMA) was supposed to clarify the concept of “traded on a trading venue” (TOTV), there is still some uncertainty around the over the counter (OTC) component of securities transactions. The objective of ESMA’s opinion is to help market participants better understand under which circumstances transactions… Read More >>
FIX Group Backs ISO OTC Identifier Effort
The FIX Trading Community is throwing its support behind a standards-creation effort that would assign identifiers to over-the-counter (OTC) derivative instruments as mandated by the Markets in Financial Instruments Directive/Regulation (MiFID II) requirements. The non-profit body behind the FIX electronic trading protocol is sponsoring a study group of the International Organization for Standardization (ISO) that… Read More >>
