UK snuffs out hopes of end to midpoint trading ban

Financial Conduct Authority resists calls to diverge from EU’s tick size regime

Blindfolded-justice
Blind justice: regulatory actions have failed to address industry concerns, lawyers say

Legal experts say the UK’s markets regulator has missed a trick in reinforcing a partial ban on midpoint trading of equities, or trading at the halfway point between bid and offer.

The Financial Conduct Authority’s January 28 review of market practices was a chance for the regulator to allow investors to trade at half a tick, observers had suggested. Such a move would have addressed widespread concerns that the restrictions penalise investors unfairly.

But the FCA instead chose to mimic recent

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: