European Exchanges Emerge as Biggest Winners from Mifid II
Three exchanges explain how the upcoming regulation is creating a field of new business opportunities in Europe.
The Markets in Financial Instruments Directive came into effect in 2007, a few months before the outbreak of the global financial crisis. Back then, it was merely a first attempt by the European Commission to harmonize regulations between laws imposed by the European Union’s separate national authorities.
Mifid’s revision, however, a package of rules known as Mifid II and initiated by the European Parliament in 2010, had to take into account the radical changes the global markets have undergone
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