The expansive MiFID II regulation will take effect from Jan. 3, 2018, and one key aspect—the so-called unbundling rules—is that banks and brokers must charge asset managers an explicit fee for research, rather than bundling the cost into the trading commissions they charged clients.
The aim of the new rules is to protect investors, increase transparency, and reduce conflicts of interest by curbing the use of research as an “inducement” by banks and brokers in exchange for execution and flow. A
WatersTechnology attended the Futures Industry Association's annual conference in Boca Raton, Florida. These are the takeaways.Subscribe to Weekly Wrap emails
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