Trading

Exchanges lose ground as Mifid II fails to move trades from dark to light

New figures raise fresh questions about one of the key pillars of Europe’s trading rulebook

Exchanges lose ground as Mifid II fails to move trades from dark to light
Photo: Getty Images

Europe’s grand plan for stock trading is not working. 

The revised Markets in Financial Instruments Directive, known as Mifid II, was meant to improve transparency by shifting more equities trading to stock exchanges. Instead, the volume of trading on these platforms is shrinking, not growing.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached