Mifid transparency has failed so far, say traders

Poor quality, inaccessible data and a lack of instruments covered undermine use case

New rules introduced in January in the European Union to increase financial market transparency have failed, according to senior traders at a conference in London.

“I don’t think there is any more transparency in the market today than there was in November last year. From that perspective that objective has failed,” said Juan Landazabal, global head of fixed income and foreign exchange trading at Deutsche Asset Management, speaking at a conference on March 22 hosted by the Association of