Trading Shakeup in Europe

Banks should benefit from these new rules because the cost of trading stocks will fall. But exchanges will see more competition and price pressures

New regulations covering the financial markets in the European Union (EU), known as the Market in Financial Instruments Directive (MiFID), went into effect November 1. This directive is an attempt by regulators to unify the EU capital markets, open up national share-trading monopolies, and inject more competition into the exchanges' clearing operations.

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