First it was on, then it was off. Now it’s back on again.
The far-reaching regulatory change designed to give European financial market users free choice of where to clear their trades, which faced lengthy delays and possible extinction, is now likely to apply from the middle of next year.
The policy of open access, part of the regulation accompanying the European Union’s markets overhaul known as Mifid II, has been subject to exemptions for some large exchange operators. But sources from the