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THE OFFICIAL NEWSPAPER OF TRADETECH 2024
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Featuring the latest news alongside exclusive insights from buy-side speakers at the event , The TRADETech Daily gives you the inside track on what to expect both from the conference and the coming year .
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The dark trading debacle - does anyone even care ?
FOLLOWING A LAST-MINUTE DECISION FROM BRUSSELS IN MARCH TO PLUG AN ACCIDENTAL REGULATORY LOOPHOLE , ANNABEL SMITH EXPLORES WHAT MIGHT ’ VE HAPPENED IF THE EUROPEAN MARKET WAS LEFT WITH NO CAPS ON DARK TRADING AND WHETHER THE EVENTS SIGNAL A WIDER ISSUE IN THE EUROPEAN REGULATORY MACHINE .
The decision from Brussels to push through a last-minute fix to its accidental loophole in dark trading regulation caused by a clerical error was , for many , an expected outcome .
But the events have become a catalyst to an already ongoing , and at times heated , debate around whether the regulatory lens in Europe is focusing on the right areas .
Double volume caps ( DVCs ) were deleted as of 28 March in the original Mifir text published in January . However , the previous text only authorised the enforcement of the SVC [ single volume cap ] in 18 months ’ time
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