The objective of this report is to shed further light on the extent of high-frequency trading (HFT) in EU equity markets. We use unique data collected by ESMA, covering a sample of 100 stocks from nine EU countries for May 2013. Our study complements the HFT literature by looking at equity...

This document will be of interest to all stakeholders involved in the securities markets. It is primarily of interest to competent authorities and firms that are subject to MiFID II and MiFIR – in particular, investment firms, credit institutions performing investment services and activities,...

This document will be of interest to all stakeholders involved in the securities markets. It is primarily of interest to competent authorities and firms that are subject to MiFID II and MiFIR – in particular, investment firms, credit institutions performing investment services and activities,...

The European Securities and Markets Authority (ESMA) has published today a consultation paper (CP) which complements the transparency section of the CP on MiFID II/MiFIR published on 19 December 2014. This CP covers the following non-equity asset classes: 1. foreign exchange derivatives; 2....