Wow, a GRAND start into the new year 2018! MiFID II just took off! The “Market in Financial Instruments Directive”, what an awkward name, even according to Bloomberg! Not many I know can memorise this easily. Maybe it looks better like this:
Not really! Nevertheless, MiFID II just took effect on January 3rd 2018. This European legislation had grand intensions, since it’s first implementation back in 2007 as MiFID I. Increase consumer protection and increase competition! Great, sounds good!