Europe’s bourse share trading claims inaccurate, says industry body
By Huw Jones
LONDON (Reuters) – The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to “perpetuate their dominance”.
The EU is reviewing its stock and bond trading rules, known as MiFID II, triggering a battle between exchanges and their top customers, the banks and large asset managers, over competition.
The EU’s securities watchdog ESMA has estimated that nearly…
