An analysis from the EU regulator revealed that the LIS waiver was most commonly used, with ETFs accounting for around 64% of the turnover executed under the waiver.
When it comes to seeking liquidity under MiFID II, a survey of senior traders has found that periodic auctions and conditional order types are the most useful.
EU policymakers are looking to extend the tick size regime to SIs, periodic auctions and block trading venues, but the buy-side is concerned about the potential impact this could have on trading at the midpoint.
Cboe says non-broker priority allocations within its periodic auction book has risen to 80%.
TradeTech keynote discussion panel finds that while large-in-scale trading and periodic auction activity is on the rise, so too is market complexity.
Statistics from Thomson Reuters show early effect of MiFID II DVCs as dark pool trading plummets, periodic auctions surge but LIS activity declines.