27 February 2017 | Bloomberg LP, London

The removal of broker crossing networks (BCNs) and their replacement with systematic internalisers (SIs) is one of the least-understood areas of MiFID II. With regulatory clarification expected imminently on what will be possible under the new SI regime, The TRADE will be holding a pop-up event in London in February 2017 to help the buy-side understand what this means for their business.

Topics include:
· How has the SI regime under MiFID II changed from MiFID I?
· What are the advantages and disadvantages of using an SI over a BCN?
· SIs under MiFID I have not been widely used, are the strictly inferior to other ways of trading?
· Do the transparency requirements for SIs prevent them being effective dark pools?
· Will the buy-side still receive the same support and liquidity as they do on BCNs?
· Can the SI regime help prevent issues with toxicity that have plagued some dark pools?

Confirmed speakers:

Kay Swinburne MEP
Geoffroy Vander Linden, Head of Transparency Solutions - TRAX
Rebecca Healey, Head of EMEA Market Structure and Strategy – Liquidnet
Joe McHale, Head of EMEA Regulatory Strategy - Bloomberg LP

3.30 pm - Registration
4.00 pm - Keynote: Kay Swinburne, MEP
4.15 pm - Panel discussion
5.00 pm - Networking drinks