Is Multi-Dealer Execution the Future of MiCA Compliance?

The Markets in Crypto-Assets Regulation (MiCA) introduces a new regulatory framework for crypto assets, reshaping how digital assets are regulated and traded within the EU.

In a July 31 release, ESMA stated that brokers using a single venue should compare execution quality with other venues, as “it should be considered unlikely that relying on one execution venue only would enable the EU broker to obtain the best possible result.”

In a recent webinar hosted by Talos, we unpacked ESMA’s latest guidance for single-venue brokers with Josh Peschko, CFA, Head of Compliance Strategy at Talos, Frank van Zegveld, Head of Sales EMEA at Talos, and Rochi Dahan, Manager of Regulatory Change & Compliance at Synechron. The webinar explored how multi-venue execution can be achieved using Talos, along with broader principles for achieving and demonstrating best execution.

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_{‍Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.}

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