UK snuffs out hopes of end to midpoint trading ban
Financial Conduct Authority resists calls to diverge from EU’s tick size regime
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
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