EuroFinUse’s German member organisation DSW sent out a letter to several MEPs to voice their concern related to the current status of the “trialogue” negotiations on the MiFID II Directive on markets in financial instruments.
EuroFinUse fully endorses DSW’s requests that are completely in line with its own public position on MiFID II, proposing new measures to ensure MiFID II capital market structures do not further discriminate individual investors.
So far EuroFinUse had been cautiously supportive of the ongoing review of MIFID II aimed at strengthening the stability of capital markets in Europe. However, the current MIFID II proposal seems to be aimed primarily at satisfying financial institutions rather than end investors and does not address the issues of market fragmentation or the lack of consolidated trade data readily available for small investors.
Please read EuroFinUse press release here.