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Cyril Théret, Chief Executive Officer, PLUS Markets Group, said: "We view the European Commission’s proposals as positive and likely to lead to greater transparency and market integrity. However, we believe that derivatives trading venues should be non-discriminatory in all cases."
“The legislation adopted by the Commission confirms the foundation of our corporate strategy and we have spent the last 18 months positioning our business in anticipation of these developments.”
“We operate a regulated market, MTF and derivative trading venue. The Market Operator / RIE status is the most robust category of trading venue type within Europe. We are therefore well positioned to trade a variety of asset classes, including derivatives, on such non-discriminatory infrastructure. We believe that derivatives trading venues should provide non-discriminatory access and PLUS-DX is set up to do this.”
“The MiFID legislation confirms the introduction of a new trading venue type, Organised Trading Facilities. PLUS-TS – our technology arm – is designed to immediately enable a range of customers such as banks, crossing networks, and brokers to comply with their new obligations.”
