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From an EU perspective, the European Securities and Markets Authority (ESMA) re-addressed its tick size regime in 2018 to combat concerns that Brexit will leave trading venues in the EU at a competitive disadvantage.
Flip the coin and many participants argue that if a trade achieves best execution, it doesn’t really matter where it was executed so long as it achieved the optimal outcome. The quasi-dark venues properly took off in 2018 with the introduction of Mifid II and greater restrictions on dark trading.
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