FESE welcomes the CESR Consultation Paper on Equity Markets, April 2010, which aims to assist CESR on providing the European Commission (EC) with technical advice on the MiFID Review regarding equity markets by July 2010.
The CESR CP confirms that about 38% of all EU trading is OTC, a figure which has been the subject of much public debate for a year. FESE therefore welcomes this finding and the CP, which confirms our estimates of the OTC business done in EU markets based on the best publicly available figures.
FESE statement - CESR Consultation Paper on Equity Markets.pdf
