Industry calls for further clarity on Mifid II
The European Commission tabled proposals to revise the Markets in Financial Instruments Directive on October 20. But traders remain concerned about the implications of a one-size-fits-all approach to foreign exchange
Proposals aimed at creating more robust, transparent and efficient market structures introduced in the European Parliament on October 20 are sparking concern among foreign exchange participants.
The European Commission (EC) tabled the proposed revisions to the Markets in Financial Instruments Directive (Mifid) in Brussels last week. They look to fulfil a commitment to the Group of 20 leading economies to trade standardised over-the-counter derivatives "on exchanges or electronic platforms, where
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