feed

News: ESMA finalises MiFID II’s derivatives trading obligation

29 September 2017 | ESMA Feed
 

ESMA finalises MiFID II’s derivatives trading obligation

Friday 29 September 2017 10:59

The European Securities and Markets Authority (ESMA) has issued today its final draft Regulatory Technical Standard (RTS) implementing the trading obligation for derivatives under the Markets in Financial Instruments Regulation (MiFIR). ESMA’s draft RTS provides the implementing details for on-venue trading of interest rate swaps (IRS) and credit default swaps (CDS).

MiFIR’s trading obligation will move over-the-counter (OTC) trading in liquid derivatives onto organised venues. Trading derivatives on-venue will bring transparency into the OTC sphere, benefiting investors and regulators alike. Enhanced transparency will provide better information on prices,...