Bad Education: How to Cure Cynicism Around SI Data
Amelia Axelsen investigates how buy-side cynicism of Mifid II's systematic internalizer regime could be cured through education.

When regulators overhauled the trading environment with the revised Markets in Financial Instruments Directive (Mifid II), their intent was increased transparency, but acquiring systematic internalizer (SI) data remains a huge undertaking for the buy side. Designed to change the Mifid II EU liquidity landscape, the European Securities and Market Authority (Esma) implemented the SI regime to open up trading opportunities and generate more competition for regulated markets, multilateral trading
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