Brexit and Mifid II cause anxiety for exchange operators

"The outcomes are going to be interesting," says CME Group chief executive Phupinder Gill

Uncertain future: the prospect of a hard Brexit has had an impact on sterling

Exchange operators are increasingly concerned about the prospect of Britain making a hard exit from the European Union and the possibility of the Markets in Financial Instruments Directive (Mifid) II unleashing rules that will hamper the financial industry, suggesting both issues are adding to the uncertainty already present in markets.

"Mifid II is intending to unveil a series of rules and structures that may not be good for the industry. Brexit is on top of that and this uncertainty, I don't t