Let the Games Begin

However, with the July 9 deadline for broker-dealers to comply with the U.S. Securities and Exchange Commission's (SEC's) Regulation NMS fast approaching, a lot of people will miss out on their leisurely July 4 barbecues to ensure their systems are ready.

In Europe, meanwhile, everyone is focused on preparing for the E.U.'s Markets in Financial Instruments Directive (Mifid).

During all of this frantic preparation, one decision is waiting to be made that will have a major effect on the future of

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