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Miffed

3 January 2018 By Neil Unmack
A market maker works on a trading floor in London.

Reforms bundled in the MiFID II directive aim to make finance fairer and safer. Rules that put a price on bank research and force trading out of opaque venues will cost over 2 bln euros to implement. Yet some exchanges face delays. In a global market, loopholes may also open up.

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