Why will MiFID result in the launch of new trading venues?
There are two drivers under MiFID. Firstly, the concentration rule under the 1993 Investment Services Directive is rescinded under MiFID. This will mean that price discovery will be permitted away from the national exchanges in six markets-Belgium, France, Greece, Italy, Portugal and Spain.
How does this differ from RegNMS?
MiFID does not stipulate a formalized linkage between the execution venues in Europe, unlike RegNMS in the US whic
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails