Esma has finalised derivative transparency standards and opened applications for a consolidated tape provider to centralise European market data.
The European Securities and Markets Authority (ESMA) has taken two connected steps to advance transparency in derivatives trading: setting out final technical standards and launching the selection process for the first consolidated tape provider for OTC derivatives. The final technical standards set out how pre-and post-trade transparency rules will apply to derivatives The markets regulator Esma has finalised regulatory technical standards under the MiFIR Review covering transparency