QED Lunch Debate - MiFID II - OTF and venue categorisation

06 June 2012, 12.00-15.00

Stanhope Hotel, Rue du Commerce 9, 1000 Brussels



 

How should the new OTF category be defined? How do we make it sufficiently distinct from MTFs and the other venue categories? Should it allow for all types of trading methods (such as voice broking)? How will the OTF definition under MiFID affect other pieces of legislation? Proprietary trading under the OTF category. Should the OTF category be limited to non-equities? How do we draw the line between OTC and OTF? What OTC trading is functionally similar to activities taking place on regulated markets? How do we define liquidity in this context? How do we draw the line between MTFs and OTFs? What problems may arise from the discrepancies between the OTF category and the US Swap Execution Facility (SEF) category? How can those problems be tackled?

 

Speaker line-up

María Teresa Fábregas Fernández Acting Head of Unit G3- Securities Markets, DG MARKT, European Commission

Anne E. Jensen Member of the European Parliament

John O'Donnell EU Correspondent, Thomson Reuters

Claudio Salini Secretary General, CONSOB

Ryan Chidley Senior Equity Trader, APG Asset Management