EPTA Position Papers
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FIA EPTA response to the ESMA consultation on commercial terms for providing clearing services under EMIR (FRANDT)
FIA EPTA members are supportive of the overarching objective of the FRANDT concept which is to increase access to client clearing services by ensuring that clearing members provide clearing services on fair, reasonable, non-discriminatory, and transparent terms.
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FIA European Principal Traders Association responds to the ESMA consultation on MAR Review
FIA EPTA members support high standards of market integrity and agree with ESMA’s approach in its consultation on the Review of MAR. FIA EPTA members would welcome strengthening the EU regulatory framework for the Spot FX markets but note the need to take into account the specific product and market structure characteristics of Spot FX, including the global nature of the Spot FX markets.
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FIA EPTA response to the ESMA Consultation on the Cost of Market Data and the Consolidated Tape
FIA EPTA agrees with ESMA’s assessment that user data fees are high and have increased over the past years. We also agree that new fees have been added and that market data policies and agreements are increasingly complex.
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FIA EPTA response to the German Ministry of Finance Consultation on MiFID II/MiFIR
FIA EPTA welcomes the opportunity to respond to the consultation by the German Ministry of Finance on the implementation experiences of MiFID II in its first year of its application.
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FIA EPTA comments on ESMA’s Call for Evidence on Periodic Auctions
FIA EPTA is agnostic about the advent of periodic auction systems as such, and we welcome any form of meaningful market model innovation that is able to compete on its own merits with other market models.
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FIA EPTA comments on ESMA Consultation Paper in relation to tick sizes for third-country instruments
FIA EPTA agrees with ESMA’s suggestion to recalibrate the tick-size regime for instruments where the main pool of liquidity is located outside the EU (third country instruments).
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FIA EPTA response to ESMA consultation on the evaluation of the Short-selling Regulation
On 4 September 2017 FIA EPTA responded to the ESMA consultation on the evaluation for the Short-selling Regulation, in particular focusing on market making activities (MMA exemption).
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FIA EPTA response to LME Discussion Paper on Market Structure
FIA EPTA response to LME Discussion Paper on Market Structure
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FIA EPTA response to ESMA’s Consultation Paper on draft RTS under MiFIR on package orders for which there is a liquid market
In November 2016 FIA EPTA submitted its comments to the European Securities and Markets Authority (ESMA) regarding its Authority’s Discussion Paper on the trading obligations for derivatives under MiFIR.
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