BAML Taps FTEN for European Clearing Control

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FTEN, a subsidiary of US exchanges operator Nasdaq OMX, will provide BAML with real-time information about cross-market activity from a range of sources, including central counterparties (CCPs), exchanges and multilateral trading facilities (MTFs).

The development will ensure that BAML is able to comply with regulation from the European Securities and Markets Authority (ESMA) on automated trading, which obligates firms to provide cross-market awareness and control within a suitable time frame─na

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