Performance Measurement & Evaluation

The low quality of data disclosed by firms under Europe's revised Markets in Financial Instruments Directive means best execution remains theoretical, instead of providing actual value to investors, according to a report by Liquidnet. Futures & Options World (subscription required) (23 May.)

An emergency declaration is under consideration by the Trump administration to ship arms to Saudi Arabia without congressional approval, sources say. For more than a year, Congress has blocked the sale of about $2 billion in arms to Saudi Arabia, and lawmakers' opposition to military support is growing. The Associated Press (23 May.)

European Securities and Markets Authority official Verena Ross has hailed the success of the revised Markets in Financial Instruments Directive, but the financial-services sector says it has seen little benefit. Financial Times (subscription required) (23 May.)