SIFMA AMG provides comments to the European Securities and Markets Authority’s (ESMA) on thier discussion paper regarding the trading obligation for derivatives under MiFIR. SIFMA AMG’s members—U.S. and multinational asset management firms with clients that include, among others, tens of millions of individual investors, registered investment companies, endowments, public and private pension funds, UCITS and private funds such as hedge funds and private equity funds— have had extensive experience with the mandate for central execution of swaps in the United States and hopes that AMG’s comments, which are informed by this experience, are helpful to ESMA’s finalization of the trading obligation standards in Europe.

See also:
Discussion Paper: The trading obligation for derivatives under MiFIR