The hidden challenges of Mifid II in the FX market
Liquidity, transparency and flexibility are all essential requirements for effective foreign exchange trading. While the second version of the European Union's Markets in Financial Instruments Directive (Mifid II) aims to tackle those issues, implementation is not expected until 2015, leaving many banks with uncertainty in the meantime. Instead of waiting, immediate measures should be put in place to ensure they do not fall foul of requirements.
Mifid II will broaden the scope of financial
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