The structures of trading venues operating in Europe are examined, and trade data are analysed to determine the transparency of equity markets and the relationship between transparency and market quality. Policy measures under MiFID should support transparent trading structures and provide greater consistency in the application of transparency rules within the regulatory framework.
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CFA Institute
46 pages
doi.org/10.2469/ccb.v2011.n3.1
ISSN/ISBN: 978-0-938367-38-3