Bloomberg News

Dutch AFM Opposes EU Curb on High-Frequency Trade, Dagblad Says

October 21, 2011

Oct. 21 (Bloomberg) -- Dutch financial markets regulator AFM said a European Union proposal to curb high-frequency trading is a “bad plan,” Het Financieele Dagblad reported, citing an interview with Rene Maatman, an AFM board member.

The proposals to overhaul the EU’s Markets in Financial Instruments Directive, or Mifid, will drive high-frequency traders out of Europe, Maatman was cited as saying. The AFM and the Dutch finance ministry will try to have the proposal revised, the Dutch newspaper said.

To contact the editor responsible for this story: Maud van Gaal at mvangaal@bloomberg.net


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