European Insecurities

Exchanges

Even without the problems caused by the financial crisis, every section of the market has faced drastic changes over the last year. The European Union's (EU's) Markets in Financial Instruments Directive (MiFID) has necessitated a move away from the traditional trading model, for starters. Brokerage firms have been forced to connect to a far wider range of trading venues to obtain the best possible execution for their clients, while exchanges met with cutthroat competition as markets began to

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