Systematic Internalizers
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Reflecting on Attempts at MiFID II Reform
By Hugo Bromley
January 4, 2021, Practice Insight from IFLR
The art of regulation is the management of private interests. Any regulator will be faced with a thousand interested parties, …
ESMA prepares for no-deal Brexit with plans to delay MiFID II calculations
By Annabel Smith
November 10, 2020, The Trade
Vital datasets needed to comply with MiFID II will not be published for two months from the end of this year in …
Best practice: Mifid II/Mifir, trading and transparency
By Hugo Bromley
September 4, 2020, Practice Insight from IFLR
Every single trade in equities and derivatives is shaped, in some way, by Mifid II. The legislation has transformed the …
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Dutch regulator calls for overhaul of MiFID II fixed income transparency rules
By Hayley McDowell
September 2, 2020, The Trade
The Dutch Authority for the Financial Markets (AFM) has recommended major changes to MiFID II’s rules for fixed income and derivatives trading …
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Buy side hopes for best execution reporting carve-out
By Ben St. Clair
August 4, 2020, Risk
The European Commission’s proposed rollback of best execution reporting has left some wondering why the carve-out stopped short of the buy side’s …
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Mifid’s pre-trade transparency is ‘a failed experiment’
By Samuel Wilkes
July 14, 2020, Risk
Market participants fear Europe’s rules on how large dealers and venues disclose pre-trade quotes might not be worth salvaging as part of an …
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‘Improving’ Mifid post-trade transparency splits markets
By Samuel Wilkes
July 9, 2020, Risk
It’s uncontroversial to say that financial markets transparency in Europe has so far failed. Launched in 2018, the current transparency regime has created …
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Mifid II could fragment market after Brexit – ISDA
By Wendy Lisney
July 3, 2020, Global Investor Group
The Mifid II regulatory framework’s lack of equivalence decisions for non-EU trading venues could lead to market fragmentation after Brexit, the …
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Mifid II divergence will come from EU, not UK
By Hugo Bromley
June 30, 2020, Practice Insight from IFLR
Regulatory divergence on Mifid II will occur – but will be driven by the European Commission, according to several sources …
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Mifid II: systematic internalisers defend themselves
June 25, 2020, Practice Insight from IFLR
Systematic internalisers’ (SI) contribution to the market is not being considered in the debate over their future, according to several sources speaking to …
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