Cat among the pigeons? New report outlines the latest Mifid II amendments

A new draft report on Mifid II amendments confirms plans to ban payment for order flow (PFOF) in Europe, as well as removing dark pool caps and supporting a pre-trade consolidated tape, among others. The TRADE explores these legislative updates in detail to provide a comprehensive summary of the proposed changes. 

Data is too expensive and here’s why

Amid a slew of regulatory reviews over current pricing models, and with a consolidated tape on the cards in both the UK and the EU, Annabel Smith explores how and why the cost of market data is increasing, and what this means for both providers and participants on the buy- and sell-side.

In European equities size matters

Commerzbank, Deutsche Bank and Macquarie have all restructured or exited the equities market as larger institutions maintained their grip on market share.