Dark Pools in Europe

MARKET STRUCTURE

While opinion is divided over whether new alternative trading systems (ATSes) will catch on in Europe following the implementation of the Markets in Financial Instruments Directive (MiFID), major investment banks are already bolstering systems to capture liquidity from the numerous dealing platforms.

"The big news to us is that MiFID has already happened," says Richard Balarkas, managing director and head of advanced execution sales at Credit Suisse in London. "There has been tremendous market

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