European Union’s Markets in Financial Instruments Directive (MiFID) is a set of financial regulations to safeguard and enhance financial markets’ efficiency. MiFID II, the second iteration of these rules effective as of January 3rd, 2018, expands MiFID II. This set of rules aims to increase transparency on tradable securities (RTS23), improve the accuracy of timestamps (RTS25), regulate high-frequency trading (HFT), provide regulators with more capability to regulate MAR and mitigate more trading on to regulated venues in addition to the remit of the original directive.