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Investment Advisers

Finance Watch Paper on Improving the Markets in Financial Instruments Directive (MiFID)

Brussels-based Finance Watch on April 24 released a white paper with recommendations of how to improve the Markets in Financial Instruments Directive, which governs European securities trading among member states. The report calls for tougher rules on high-frequency trading because it damages liquidity, such as establishing circuit breakers and requiring firms to provide their algorithm codes and trading audit-trail.