Wary Brokers Sound Alarm on Mifid II's RTS 28

Brokers are concerned that reports on best execution, due in just a few days, may be too onerous to produce in full.

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At the start of this year, fundamental changes to Europe’s trading rulebook kicked in, often resulting in last-minute panics, system changes, and Christmas lunches eaten at office desks. 

While most of Europe managed to survive the revised Markets in Financial Instruments Directive’s (Mifid II’s) January 3 deadline, brokers have become increasingly nervous about April 30. On that day, new rules kick in, requiring firms to disclose specific details about the venues they use and the quality of

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