GL Trade Launches Free MiFID Services

GL Trade is offering free data collection services to help firms cope with new transparency requirements under the European Union's Markets in Financial Instruments Directive, by using GL's existing infrastructure to collect quotes from institutions seeking to publish prices, and providing them as part of a consolidated market feed.

MiFID is expected to result in more data sources as new Multi-lateral Trading Facilities (MTFs) launch and banks classify themselves as Systematic Internalizers

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