Ediphy consents to lifting the automatic suspension of the FCA UK bond tape contract
PositiveArtificial Intelligence
- Ediphy has agreed to lift the automatic suspension of the FCA UK bond tape contract while continuing its claim for damages in the High Court. This decision follows the company's appeal regarding the bond consolidated tape mandate, which has been a significant point of contention in the financial sector.
- The lifting of the suspension is a positive development for Ediphy, as it allows the company to proceed with its operations and claims while also signaling a potential resolution to ongoing regulatory disputes. Etrading Software has expressed support for this decision, highlighting the importance of transparency in the market.
- This situation reflects broader trends in the financial industry, where regulatory frameworks are evolving to enhance market efficiency and transparency. The inclusion of new trading mechanisms, such as iceberg and hidden orders by LSEG, indicates a shift towards improving liquidity and trading practices, which may influence future regulatory decisions and market dynamics.
— via World Pulse Now AI Editorial System
