Dutch Regulator Seeks to ‘Level Playing Field’ for Vendors & Venues

AFM suggests some liquidity aggregators should be classified as organized trading facilities.

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

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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