ESMA to address regulatory concerns over Frequent Batch Auctions

Securities Markets Regulation

Date: 15 July 2019

On 11 June 2019, the European Securities and Markets Authority (ESMA) published its Final Report on Frequent batch auctions (FBAs). ESMA identified four main characteristics of FBA trading systems through its call for evidence and intends to issue supervisory guidance on pre-trade transparency and on the price determination process of FBAs. 

The Final Report also includes the feedback received to the call for evidence and presents an analysis of developments in equity trading. 


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