WFE Response: ESMA Consultation Paper on Market Outages

WFE notes that market outages are inevitable despite regulation and the huge investment exchanges make to prevent them. We underline the value of flexibility in the guidance so that venues can offer the most appropriate procedures, depending upon asset classes traded and the type of market participants. The Regulatory Affairs team also highlights that the priority should always be the resumption of trading (though only when safe to do so), and that analysis of any issues should be a secondary priority.

Please click here to find the full response.

---