March 18, 2020 / 4:32 PM / 2 months ago

EU watchdog says market infrastructure firms handling virus volatility well

LONDON (Reuters) - The European Union’s securities watchdog said markets were operating well in the face of volatility in trading amid fears that the coronavirus will tip economies into recession.

“Market infrastructure companies are holding up well,” a spokesman for the European Securities and Markets Authority said.

Market infrastructure refers to exchanges, clearing houses and settlement houses that handle each leg of stock trade.

Reporting by Huw Jones, editing by Louise Heavens

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