Mark MacGann is the Senior Vice-President, Head of European Government Affairs and Public Advocacy at NYSE Euronext.
In this video
Lee Hodgkinson (Head of European Sales and Relationship Management, for cash markets) talks about the importance of establishing mutual trust among market participants through the right regulatory framework.
He explains what is OTC trading and to which legitimate needs of the market it responds. He also speaks about the consequences for trading platforms, such as the regulated markets or MTFs, of the fact that OTC trade is currently not regulated under MiFID, and about the detrimental effects of the lack of a clear and legally binding definition of OTC.