Tag: MiFID II
Several documents published by the UK government outlined major plans, including details on the sweeping changes to MiFID II requirements.
Analysis from the UK’s regulator has said that dark trading, which the EU has restricted under MiFID II rules, can reduce costs for investors.
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.
The period of suspension will include essential MiFID II calculations including DVCs, SI regime, and bond liquidity determination.
A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.
A derivatives component has been added to the SmartStream SI registry before the MiFID II SI regime for derivatives is enforced later this month.
The European regulatory watchdog has seemingly countered claims that unbundling has harmed research coverage and quality.
The AFM stated in a recent report the overall sentiment is that MiFID II has not yet delivered its goals in fixed income markets, and should be considered a work in progress.
ESMA has made several recommendations in its report on the MiFID II review, but a poll from Rosenblatt Securities suggests the buy-side is not quite on the same page as the regulator.