The European Securities and Markets Authority issued the results of a peer review that, it says, demonstrates an increasing alignment in the approaches of the 30 national regulators in the European Union, Iceland, Lichtenstein and Norway to the oversight of trading platforms with large automated trading volume. This is because, says ESMA, the national regulators have all incorporated into their legal framework ESMA’s 2012 guidelines regarding automated trading environments, and all but three into their supervisory framework too. (Click here to access the guidelines.)