Dark Pool Caps: Lighting Up the Darkness
Restrictions on the use of dark-pool trading waivers come into force as part of MiFID II but some in the industry believe the rules will do more harm than good.
Picture the scene on January 3, 2018—Donald Trump might be President of the United States, hypersonic air travel could have shortened a flight between London and Sydney to just two hours, and George RR Martin might have finally completed The Winds of Winter. That last example is probably the least likely to happen, but one thing that is now certain is the arrival of the Markets in Financial Instruments Directive (Mifid II) in Europe.
After it was officially confirmed in mid-May that the much
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