20.10.2011 - Europe to clamp down on commodity speculators
The Markets in Financial Instruments Directive better known as Mifid does not have the snappiest of names but it does have bite. In the next 24 hours, Brussels is expected to use the directive to curb the appetite of commodity speculators and restrict the "high frequency trading" that was blamed for the 2010 "flash crash" on Wall Street. City minister Mark Hoban has already made clear that the UK will not tolerate protectionist measures from Brussels. Elements of Mifid, though, could be welcomed in some quarters..............................................Full Article: Source
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