EDMA Europe Established to Represent Leading Trading Venues
- A new electronic trading markets association has been launched to promote the views of its members.
Four of the market’s leading electronic trading platforms - BrokerTec Europe, MarketAxess Europe, MTS Group and Tradeweb Europe - today announced the launch of the Electronic Debt Markets Association Europe (EDMA Europe).
EDMA Europe was created to represent the interests of companies whose primary business is the operation of regulated electronic fixed income multilateral trading facilities in Europe and to act as a source of consultation between the members in their roles as operators of such venues in order to project collective views on regulatory, Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and market structure topics for the benefit of the electronic fixed income markets.
Collective Views
The association’s primary aim is to promote the collective views of its members and have these inputs recognised by the relevant authorities and other market participants. Membership of EDMA Europe is open to all market participants that meet the established minimum membership criteria.
The activities of the association will be governed by EDMA Europe’s Executive Committee who are elected by the general membership and are responsible for the executive management of the Association. EDMA Europe has appointed David Bullen to act as Secretary-General.
EDMA Europe will provide the right forum for such discussions.
He commented: “I look forward to representing the views and interests of existing and new EDMA members who together operate and run an essential component of European Financial markets and who, to-date, have been underrepresented in important industry and regulatory circles."
Simon Maisey, managing director and global head of business development at Tradeweb and founding chairperson of EDMA Europe, added: “In a heavily regulated industry, multilateral trading venues such as Tradeweb have historically had limited representation. With MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term deadlines fast approaching, it has become imperative that trading venues are able to have an active dialogue with regulators and we believe that EDMA Europe will provide the right forum for such discussions”.
Four of the market’s leading electronic trading platforms - BrokerTec Europe, MarketAxess Europe, MTS Group and Tradeweb Europe - today announced the launch of the Electronic Debt Markets Association Europe (EDMA Europe).
EDMA Europe was created to represent the interests of companies whose primary business is the operation of regulated electronic fixed income multilateral trading facilities in Europe and to act as a source of consultation between the members in their roles as operators of such venues in order to project collective views on regulatory, Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and market structure topics for the benefit of the electronic fixed income markets.
Collective Views
The association’s primary aim is to promote the collective views of its members and have these inputs recognised by the relevant authorities and other market participants. Membership of EDMA Europe is open to all market participants that meet the established minimum membership criteria.
The activities of the association will be governed by EDMA Europe’s Executive Committee who are elected by the general membership and are responsible for the executive management of the Association. EDMA Europe has appointed David Bullen to act as Secretary-General.
EDMA Europe will provide the right forum for such discussions.
He commented: “I look forward to representing the views and interests of existing and new EDMA members who together operate and run an essential component of European Financial markets and who, to-date, have been underrepresented in important industry and regulatory circles."
Simon Maisey, managing director and global head of business development at Tradeweb and founding chairperson of EDMA Europe, added: “In a heavily regulated industry, multilateral trading venues such as Tradeweb have historically had limited representation. With MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term deadlines fast approaching, it has become imperative that trading venues are able to have an active dialogue with regulators and we believe that EDMA Europe will provide the right forum for such discussions”.