In Broadsides and Brush Strokes, Traders Call for Lighter Regulatory Touch
Speakers and attendees at TradeTech Europe called, with varying degrees of subtlety, for a relaxation of regulatory reform.
Doug Cifu is one of them. Speaking during the TradeTech Europe event, held in Paris from April 25 to 26, the CEO of high-speed electronic trading firm Virtu Financial made his thoughts about recent rulemaking, in particular, the revised Markets in Financial Instruments Directive (Mifid II), abundantly clear.
“I didn’t really understand the problem that people were trying to solve with Mifid II,” he said. “If someone can please explain to me I would be happy to learn. I am a big believer in free
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