Date: 3rd February 2011
Author: EuroFinuse

The European MiFID Directive in force since November 2007 has pushed the European equity markets to fragment into multiple “trading platforms”: besides the existing “regulated markets” (RMs) “multiple trading Facilities” (MTFs) and “Systematic Internalisers” (SIs) - not to mention a growing, diverse and opaque “OTC” (over the counter) trade activity or dark pools - are now trading European equities.