CESR's March Toward Mifid 2

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One of our sibling publications, International Custody and Fund Administration, reports that the Committee of European Securities Regulators (CESR) will take an extremely critical look at the future of dark liquidity pools and multilateral trading facilities (MTFs) when the body meets on July 16 to discuss the next version of the Markets in Financial Instruments Directive (Mifid).

One thing is for sure: The future of European dark liquidity pools is in serious doubt. Depending on which volume

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