Analysis: Criticism of MiFID starts to drown out applause

03/24/2010 | Financial Times (tiered subscription model)

The Markets in Financial Instruments Directive was enacted in Europe about three years ago to bolster competition. However, the directive has had some unintended consequences, including data fragmentation. EU officials are reviewing MiFID, but in practice, criticism of the directive is starting to overwhelm its benefits, according to Financial Times.

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