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Divisions and committees
Equities Trading
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Equities Trading
The Equities trading division monitors and analyses the policy and market developments that affect equities markets.
Overview
The division helps to shape both market structure and the regulatory environment, while also pursuing reductions in the frictional costs of trading.
AFME staff work with member firm representatives comprising the Equities Board and the Securities Trading Committee on projects ranging from informal discussion groups to formal responses to policy maker consultations.
Equity trading division priorities
Work on key equity trading issues, including workable and appropriately calibrated pre- and post-trade transparency regimes, and appropriately defined, enabled and controlled market structures and microstructures, as part of the European Commission's MiFID Review.
Collaborate with other industry participants to pursue and develop opportunities for harmonisation, and to deliver standardisation and best practice in areas such as due diligence for electronic trading and categorisation of IOIs.
Coordinate with other AFME equity divisions and external interest groups to promote low-cost and accessible European equity markets for the benefit of investors and issuers.
Encourage a holistic and harmonised approach, together with AFME's Post Trade division, on initiatives affecting the end-to-end trade life cycle.
Read more
Position Paper
The case for including pre-trade data on the UK equities consolidated tape
Position Paper
AFME Position on the health of price formation in European equity markets
Briefing note
The vital role of systematic internalisers (SIs) in European equities markets
Video
Equities Market Share Data And Why It Matters
Key Documents
Standard Forms and Documents
View all
Standard Forms and Documents
March 2024
AFME and the Investment Association's Equities Electronic Order Handling Questionnaire
Version three
View Online
AFME and The Investment Association's Equities Electronic Trading Questionnaire
Version two
View Online
AFME and The Investment Association's framework for Indications of Interest (IOIs) FINAL
View Online
AFME MiFID II Exchange Questionnaire
View Online
AFME and The Investment Association's code of conduct for IOIs
View Online
AFME and The Investment Association's EEA equities electronic order handling questionnaire
View Online
AFME and The Investment Association's EEA electronic trading systems and controls statement
View Online
Consultation Responses
View all
Consultation Responses
January, 2021
Response to the FCA’s call for input on accessing and using wholesale data
View Online
January, 2021
Response to ESMA’s consultation on market data guidelines
View Online
February, 2021
GFMA (incl. AFME’s)+ICSA response to IOSCO’s CP on market data in secondary markets
View Online
October, 2020
ESMA call for Evidence on Review of RTS 1 and 2 (Transparency for equity and non-equity instruments respectively)
View Online
May, 2020
Response to the EC’s consultation on the MiFID II/R review
View Online
AFME's 8th Annual Equities Dinner
AFME’s 8th Annual Equities Dinner is attended by the industry’s most influential and respected figures and represents a unique opportunity to promote your company to key decision-makers and market participants. The evening will be an informal opportunity to network with up to 200 industry professionals and discuss key regulatory developments impacting equity markets with peers and clients.
More information
Contacts
April Day
Head of Equities (ECM, Trading and Post Trade)
[email protected]
+44 (0)20 3828 2682
David Wiseley
Manager, Equities Market Structure Policy
[email protected]
+44 20 3828 2710
Press Releases
Publications
Consultation Responses
Briefing Notes
Press Releases
Publications
Consultation Responses
Briefing Notes
See all press releases
Press Releases
AFME responds to ESMA’s initial set of MiFIR/MiFID Review Consultations
30 Aug 2024
Press Releases
AFME welcomes FCA's final Listing Rules
11 Jul 2024
Press Releases
AFME and UK Finance jointly respond to HM Treasury’s consultation on the Private Intermittent Securities and Capital Exchange System (PISCES)
18 Apr 2024
See all publications
Publications
Capital Markets in the UK - Key Performance Indicators
2 Dec 2024
Publications
Developing European Capital Markets in a Period of Geopolitical Changes
11 Sep 2024
Publications
Capital Markets Union Key Performance Indicators – Sixth Edition 2023
9 Nov 2023
See all consultation responses
Consultation Responses
AFME Response – ESMA Consultation Package 3 – SI ITS (Section 5), RTS 3 (Section 6), RTS 7 (Section 7)
16 Oct 2024
Consultation Responses
AFME Response – ESMA Consultation Package 3 – Section 2 (Introduction), Section 3 (Technical advice), Section 4 (RTS 1), Section 8 (Input/output data), Section 9 (RTS 2)
10 Oct 2024
Consultation Responses
AFME Response - MiFIR Review - CP on the amendment of RTS 23
28 Aug 2024
See all briefing notes
Briefing Notes
AFME position paper on the case for including pre-trade data on the UK equities consolidated tape
10 Jun 2024
Briefing Notes
AFME position on the health of price formation in European equity markets
6 Sep 2022
Briefing Notes
A Cross-Industry Consensus on the EU Equity Consolidated Tape Proposal Statement of Principles
29 May 2022