Daly Close: Is There Room for One More MTF?

Opinion

The major question on industry participants' minds is whether there are enough seats at the table for yet another MTF.

Prior to the enactment of the Markets in Financial Instruments Directive (Mifid) in November 2007, industry insiders and observers estimated that MTFs would sprout like mushrooms across the European landscape. Some even thought the market would see between 20 and 30 of these new trading venues pop up. A scant two years later, and the markets seems to be struggling to keep four

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