FBE response on securities trading and post-trading

04 July 2006

The FBE issued its response to the DG Competition Issues Paper on securities trading and post-trading criticizing that the paper mainly focuses on competition in trading. As this issue has already been addressed MiFID directive, the Federation calls on DG Competition to re-focus its study on competitive issues in post trading insofar as they can be de-coupled from competition in trading.

FBE also states that proposed recent mergers and potential mergers of the future of trading platforms could well have a strong bearing on the efficiencies in trading through to clearing and settlement. Continued international merger activity amongst Stock Exchanges will almost inevitably lead to a re-structuring of post trading activities in Europe over time.

Response
Letter

© FBE