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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published the Final Report covering mandates under the MiFIR Review on derivatives trade transparency, package orders and the over-the-counter (OTC) derivatives consolidated tape input and output data.
The proposed pre- and post-trade transparency requirements for exchange traded derivatives (ETDs) and OTC derivatives are designed to provide a high level of transparency whilst ensuring that liquidity providers are protected from undue risk. In the final proposals, ESMA has taken on board...
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