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MTF bilateral trading protocol offers Mifid arbitrage

Nordic banks to use the protocol to benefit from longer deferral period

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Market impact: Nordic banks expect to be subject to the short deferral period of 48 hours

For traders, there are few things more important than transparency – how soon and in how much detail the rest of the market knows about their trades. Little wonder then that the prospect of European Union member states applying different post-trade transparency standards is attracting attention.

The standards in question are part of the second Markets in Financial Instruments Directive and

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