Concerns over financial directive
Policymakers need to weigh up the costs of the Markets in Financial Instruments Directive (MiFID II).
Appeared in print on 27.09.2012
As a recent report in your paper observes, one of the most controversial parts of the Markets in Financial Instruments Directive (MiFID II) has been that concerning electronic market-makers (“MEPs and industry at odds over planned financial trading rules” 20-26 September). For whatever reason, traders – who I represent – tend to attract emotive rhetoric that bears little relation to evidence that we play a positive role in providing markets’ liquidity and reducing costs for investors.