Trading

Brussels closes Mifid II trading loophole

European Commission makes amendment to rules on so-called systematic internalisers

Brussels closes Mifid II trading loophole
Photo: iStockphoto

European regulators have recast new trading rules to close a perceived loophole that could have undermined their goal of shifting more trading of equities onto stock exchanges.

The European Commission's re-write of a key element of the revised Markets in Financial Instruments Directive comes after a four-week consultation, which closed on July 18.

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