Industry calls for further clarity on Mifid II


Proposals aimed at creating more robust, transparent and efficient market structures introduced in the European Parliament on October 20 are sparking concern among foreign exchange participants.

The European Commission (EC) tabled the proposed revisions to the Markets in Financial Instruments Directive (Mifid) in Brussels last week. They look to fulfil a commitment to the Group of 20 leading economies to trade standardised over-the-counter derivatives "on exchanges or electronic platforms, where

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