Mifid II: best execution reports crippled by divergence

Investment firms released their first reports in late April, but their effectiveness is severely limited by the range of approaches taken across the market. Differing interpretations of the rules - which some sources believe may be intentional - make them difficult to compare. Brokers and regulatory analysts say collating all the data is a thankless task

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This landmark IPO reform survey reveals a market in dismay, as syndicate firms are struggling with interpreting the new unconnected analyst procedures, and face their insecurities regarding possible leaks..