MiFID Shake-Up Goes Smoothly Even as Trading Volumes Dry Up

European regulator says they haven’t seen glitches so far
Investors pause after most significant rules change in decade

"I’d be surprised if everyone’s ready," says Rhodri Preece, head of EMEA capital markets policy at the CFA Institute,Source: Bloomberg

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By William Canny, Will Hadfield, and John Glover

January 2, 2018 at 5:13 PM UTC

Updated on

January 3, 2018 at 4:30 PM UTC

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The biggest regulatory change in Europe in 10 years got off to a comparatively smooth start as the chairman of the European Securities and Markets Authority said he’s seen no teething problems.

“What we can see, for our part, is no glitches so far,” Steven Maijoor said in a conference call with reporters. The rules mean that “for the first time we see data of all financial instruments in the European Union.”