High-Frequency Trading: Handle with Care
Tension is high among European financial services firms as they await the final draft of the second Markets in Financial Instruments Directive (Mifid II), which will have profound repercussions on the nature of European markets for years to come.
The precedent is the extraordinary impact Mifid, round one, had on the capital markets when it was rolled out by the European Commission in 2007. A lot can happen in five years, as traditional stock exchanges would no doubt testify, having seen their
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