Panel: Mifid's Impact on Exchanges Uncertain

The Financial Services Club is an industry society of members of the financial services community.

When Mifid come into force on Nov. 1, liquidity will fragment across trading venues—from electronic networks to multilateral trading facilities (MTFs) to systematic internalizers' dark pools, as well as traditional exchanges. Some industry participants say, however, that they are not convinced that new execution venues will have a considerable impact on traditional exchanges.

Speaking under the

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