EDMA: Mifid II Driving Fixed-Income Businesses Away
EDMA warns that inconsistencies in transaction reporting are already forcing fixed-income participants to move outside the EU.
Just four months before the implementation of Mifid II, EDMA, established by electronic trading platforms MarketAxess, Nex, Tradeweb and MTS Markets, is making its final push to find a solution to what it believes will cause a massive exodus of market participants in the fixed-income space.
EDMA claims that Mifid II’s RTS 22 and 24 on trade and transaction reporting creates a massive data conflict for participants who, under their regional laws, are not required to disclose transaction
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