Mifid II's Impact on Fixed-Income Trading Sharpens

From trade reporting to best execution requirements, the fixed-income market is going to change in 2018...but what that change will look like is still to be determined.

In the financial markets, there are many groups concerned about the looming Mifid II deadline. Of those, fixed-income traders—and specifically fixed-income traders on the buy side—are facing major questions as to how they will react come January 3, 2018. 

As an example, at the European Trading Architecture Summit held last November, Ayaz Haji, head of Mifid II technical architecture and data strategy for Goldman Sachs, noted that the new regime could effectively kill voice trading in the fixed-

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