The European Commission (EC) on Thursday unveiled its latest draft of the Market in Financial Instruments Directive (MiFID) II proposals, which are designed to crack down on high-frequency trading and extend the Commission's regulation of the equities, commodities and derivatives markets.

Commenting on the EC release of MiFID II proposals, Munib Ali, director at PwC, said that they broadly mirrors the content of the December 2010 consultation paper.

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