FIA, FIA Europe and FIA European Principal Traders Association have submitted two sets of responses to the European Securities and Markets Authority’s consultation on MiFID II, the overhaul of the EU’s rules for markets in financial instruments. FIA, FIA Europe and FIA EPTA filed a joint response focused on microstructural issues such as direct market access and algorithmic and high-frequency trading. FIA Europe filed a separate response focusing on issues such as indirect clearing, non-discriminatory access, position limits for commodities, and trading reporting.
