Until the introduction of the first Markets in Financial Instruments Directive (Mifid) in 2007, European stocks usually traded on domestic exchanges. If a firm didn’t trade any French stocks, it didn’t need to connect to Euronext Paris. But while Mifid allowed all markets to trade stocks listed elsewhere, one significant hurdle remained: Pan-European trading required a pan-European consolidated tape of price activity, yet the regulation did not mandate one.
More than a decade later, provisions
The founder and CEO of HPR joins the podcast to talk about lessons learned and where the industry is heading.Subscribe to Weekly Wrap emails