US Markets Wary of Europe's MiFID II Plans
The US capital markets are watching deliberations in Europe over the European Commission’s review of the Markets in Financial Instruments Directive (Mifid)—dubbed MiFID II—with concern about the influence the regulatory proposals will have on high-frequency trading, non-displayed liquidity and the classifications of trading platforms.
"There are several dark pools [in Europe] that are very similar to pools operating here in the US, which really are not classified today," says Justin Schack
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