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MiFID, part of the European Union’s Financial Services Action Plan (FSAP), is
designed to create a single market in the financial services industry, thereby,
presenting investment firms with unprecedented opportunities. Promising to
bring about a transformation in the securities market landscape by creating a
high-capacity, liquid Euro-zone market, this legislation will affect business
models and processes of various financial institutions, particularly their IT
infrastructure. Markets will be faced with fragmented liquidity; exchanges may
lose their predominant position in equities trading, while investment firms
will be granted innumerable opportunities for revenue generation.
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