Preparing for impact: Reg NMS and MiFID


It is well-known that advanced trading technologies are making the markets far more efficient than ever before.

As electronic trading penetrates deeper into markets outside the United States, a proliferation of tools is emerging that are more advanced and more adept at supporting decision-making, routing and trade execution.

Realising the need for greater speed and efficiency, traders now use direct market access (DMA), algorithmic trading, transaction-cost analysis, dark pools and crossing ne

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