ESMA scales back best execution requirements
ESMA states “all sufficient steps” to be taken to obtain best execution, but not for every single client order.
ESMA states “all sufficient steps” to be taken to obtain best execution, but not for every single client order.
Report has urged buy-side companies to act now to ensure compliance with MiFID II requirements on protecting end-investors.
Panellists agree that perfect best execution can’t be achieved and describe it as a ‘relative term’.
Panellists at The Trade’s MiFID II event in Paris discussed the issues surrounding the buy-side’s reporting obligations.
Fixed income pre-trade transparency and the number of instruments will see less firms opting in to become a systematic internaliser.
Despite gaining clarity on unbundling rules, industry participants have noted the UK’s stricter stance on implementation.
RPAs can be funded through CSAs, but brokers can no longer retain money intended to pay for research.
Research reveals total cost for industry is forecast at over $2 billion.
Partnership will produce compliance tools that can be integrated into existing platforms.
The Trade announces speakers for the MiFID II: Best Execution event in Paris.