Если в двух словах- европарламент проголосовал за то что бы ограничивать время удержания любой заявки минимумом в 500 мс.
Такая же уравниловка теоретически может произойти в любой другой стране, и/или бирже мира в любой момент.
Strasbourg — Members of the European Parliament voted for requiring high freqency traders to ensure their orders are valid for at least 500 milliseconds, the legislative body said on its website.
The vote marks the start of a long process before this and other approved measures become law. The European Parliament will now work with the Council of Ministers and the European Commission — under a process known as trialogue — to agree on the final political text that will guide rule-making under MiFID II.
Kay Swinburne, a member of the parliament's monetary committee, had said on Tuesday thatshe would vote against the measure but she had predicted she would be in the minority. She said there were many opportunities for different views to be taken into account before this ever became part of the ultimate legislation.
«MEPs voted provisions to ensure that all orders should be valid for at least 500 milliseconds, i.e. must not be cancelled or modified during that time,» the European Parliament website said.
«All firms and trading venues would also have to ensure that trading systems are resilient and prepared to deal with sudden increases in order flows or market stresses. These could include 'circuit breakers' to suspend trading.»
In addition, the parliament said all market players and trading venue operators would be required to lay down clear rules and procedures for fair and orderly trading, objective criteria for executing orders efficiently and transparent criteria for determining which financial instruments may be traded via their systems.
«These uniform trading rules would apply to bonds, structured finance products and derivatives that can be traded on regulated markets, via a multilateral trading facility (MTF) or Organised Trading Facility (OTF),» the website said.
Rules on access to a trading facility should be non-discriminatory and transparent, and the same pre- and post- trade transparency should apply to different types of trading venues, it added.
MEPs decided that the OTF, a new alternative to regulated markets and MTFs, should be reserved for non-equities (derivatives or bonds), so to bring them under MIFID rules.