Europe Trails UK in MiFID Preparation

LONDON-The disparities between Markets in Financial Instruments Directive (MiFID)-related activities in the UK and continental Europe have been growing ever since a consortium of Tier I banks announced the creation of two MiFID projects dubbed Project Boat and Project Turquoise, industry watchers tell IRD.

In September, nine global securities firms, under the Project Boat name, announced plans to create a market data dissemination platform to address MiFID's pre- and post-trade transparency

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