Retail prop trading not an ESMA priority, says CySEC chairman

Retail proprietary trading is no longer among the European Securities and Markets Authority’s (ESMA) immediate regulatory priorities, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides, despite the sector’s rapid global expansion.

Speaking to Finance Magnates, Theocharides, who also chairs ESMA’s risk standing committee, said there are currently no substantial discussions underway on regulating the retail prop trading industry....