Until the introduction of the first Markets in Financial Instruments Directive (Mifid) in 2007, European stocks usually traded on domestic exchanges. If a firm didn’t trade any French stocks, it didn’t need to connect to Euronext Paris. But while Mifid allowed all markets to trade stocks listed elsewhere, one significant hurdle remained: Pan-European trading required a pan-European consolidated tape of price activity, yet the regulation did not mandate one.
More than a decade later, provisions
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
- Waters Rankings 2019: All the Winners
- Mizuho Finds New Ways to “Activate” its Data Using AI
- Barclays Nearly Finished with First Major Quantum Computing Experiment
- The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'
- Banks, Asset Managers Turn to Web Scraping to Generate Alpha