| Author (Person) | Ford, Greg |
|---|---|
| Series Title | E!Sharp |
| Series Details | June 2012 |
| Publication Date | June 2012 |
| Content Type | Journal | Series | Blog |
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Finance Watch, the Brussels-based public interest advocacy group, published in April 2012 a position paper 'Investing not betting' on MiFID 2, the EU’s revised Markets in Financial Instruments Directive. The paper called on the EU to maintain a tough stance on: • high frequency trading, which damages traditional investors’ trust in markets, drains useful liquidity and increases the potential for market abuse • commodity derivatives speculation, which inflates commodity prices and degrades the futures markets for genuine hedgers • over-the-counter and dark trading, whose growth (partly as a refuge from HFT) damages price formation and market fairness • investor and employee protection, which are undermined by inducements and adverse sales incentives. It also calls for the EU to drop the proposed 'OTF' trading venue category, which risks opening the door to regulatory arbitrage. |
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| Source Link | http://esharp.eu/big-debates/the-future-of-finance/51-mifid-2-correcting-unintended-consequences/ |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
