New Uniform Trading Rules were approved by the Economic and Monetary Affairs Committee on Wednesday. Under these rules investors would have to be offered financial products that are tailored to their needs, and so they should be less likely to be misled. These rules, in proposed update to the EU Directive and regulation on markets and financial instruments, would apply to almost all such instruments and almost all market players. In the rules all market players and trading venue operators will be required to lay down clear rules and procedures for fair and orderly trading, objective criteria of executing orders sufficiently and transparent criteria for determining which financial instruments may be traded via their systems. These uniform trading rules will apply to bonds, structured finance products and derivatives that can be traded on regulated markets, via a multi lateral trading facility (MTF) or organised trading facility (OTF)