The second iteration of the European Markets in Financial Instruments Directive is supposed to fix what was wrong with the first version, adopted in 2007.

The first edition was intended to increase competition among trading venues and visibility into prices. It accomplished the first goal by generating a whole lot of alternative trading platform to rival incumbent exchanges.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.