Mifid amendments lift barrier to brokers owning OTFs
Tweaks to Mifid text would allow owners of OTFs to engage in matched principal trading
Brokers should be allowed to conduct so-called matched principal trades on new derivatives trading platforms created by the Markets in Financial Instruments Directive (Mifid), according to amendments filed by both the Council of the European Union and members of the European Parliament (MEPs) last month.
The European Commission's original version of the new legislation stated that owners of the platforms – dubbed organised trading facilities (OTFs) and introduced to meet a Group-of-20 (G-20)
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