The Exchanges Strike Back
MIFID
The Markets in Financial Instruments Directive (MiFID) deadline may be seven months away, but Europe's major exchanges are already announcing new offerings to keep clients from straying to the new MiFID-inspired trading venues.
Already, several multilateral trading facilities (MTFs) have announced plans to take on the exchanges in anticipation of the new regulatory environment that will take effect Nov. 1.
Euronext is answering with a new "best execution" algorithm that will allow member firms
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