Transparency in the Equity Market

There was the original impetus for mifid on in two thousand and seven. Why was miffid too introduced? So it's quite common after regulation's been introduced to decide to go back and review it, and then o do more work. One of the current hot topics is concerned about the migration of more and more trading off of exchange s. Is that a concern there? No one really knows because we don't have a consolidated tape in europe. And so people use the lack of clear information to talk their own book.