If you use assistive technology (such as a screen reader) and need a
version of this document in a more accessible format, please email firstname.lastname@example.org.
Please tell us what format you need. It will help us if you say what assistive technology you use.
Since the introduction of the Markets in Financial Instrument Directive (MiFID) trading in the European equity market is more fragmented than in the past. One way to address market fragmentation concerns is to bring in a central limit order book where all limit orders execute according to price and time priority. This economic impact assessment reviews the costs and benefits of such a measure.