Mifid explained – an introduction
FEATURE
With the issuing of the Markets in Financial Instruments Directive (Mifid) in 2004, the European Union's aim was to ensure the creation of a single market with no barriers to the free flow of capital within that market. Mifid affects the foreign exchange market, as well as the markets in all other asset classes.
The heart of Mifid is the principle of best execution – getting the best overall deal for the client, and the optimal result for the client's portfolio. Mifid does not affect the spot
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