The Dutch Authority for Financial Markets (AFM) is calling on the European Union to straighten out a perceived imbalance in its trading and transparency rules—a move that could lead to certain technology providers being regulated as trading venues.

“This is one of the key priorities for the AFM—to ensure a level playing field between all types of multilateral systems and make sure they are regulated as such if they are within the definition,” says Matthijs Geneste, a supervisor for market