The magnitude of the changes that will be brought about when MiFid II is implemented in January 2018 can be challenging for those that are unprepared. But for buy-side as well as sell-side firms that have made the necessary investments in their systems and their personnel, the opportunities arising from the new legislation could be extensive.
“The bottom line is that by intensifying requirements for transparency, MiFid II is likely to accelerate the trend towards the increased use of technology in the trading process,” explains Paul Beattie, Director in the Customised Execution Services (CES) Group at HSBC Global Markets. “As this technology develops, it could have a profound influence on the buy-side’s decisions on where and how to route their trades, and on how those trades are monitored and analysed post-transaction.”
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