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 and market structure topics for the benefit of the electronic fixed income markets.
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.
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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 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”.