Trade associations including EFAMA, BVI, EFSA and NSA have issued an open letter outlining their priorities for the Mifir/Mifid II review: warning againstrising market data costs and recommending a suspension of the volume cap in Europe, along with the removal ofsome pre-trade transparency requirements.
The TRADE sits down with managing director of Susquehanna International Securities, John Keogh, to discuss the potential implications of the recent MiFIR draft report - warning that "ambiguity is the enemy of transparency".