Mifid II Archive

While Mifid II has changed the economics of corporate access for both the buy side and the sell side, issuers are well positioned to make the most of these changes by engaging with both parties, according to speakers at the recent IR Magazine Think Tank in Palo Alto. Grant Bartucci, associate director of corporate access and broker relations at Point 72, explained that one of his responsibilities at the hedge fund is to make sure the fund is focused on consuming the...

Sponsored content Since its implementation in January 2018, Mifid II has had a ripple effect on the financial system – not just in Europe, but also in the U.S. and more gradually in Asia. The aspect of Mifid II that has been most discussed from day one – and that has the most far-reaching implications – is how buy-side firms pay for the research they use to make investment decisions.  In the EU, Mifid II forced the unbundling of trading and re...

While equity trading in Europe fell in July, dark-pool trading volumes swelled to their highest level since Mifid II was introduced 19 months ago, according to analysis by research and consulting firm TABB Group. The research reveals that the total average daily trading volume for Europe’s equity markets during July declined 15 percent to €53 bn ($59 bn) while dark trading rose, accounting for 9.6 percent of all on-exchange activity. Such highs have not b...

Research unbundling under Mifid II has hit institutional equities in the US, with research showing that buy-side firms have significantly reduced their commission pool over the last few years. New York-based research and consulting firm TABB Group, which spoke with 100 asset-management trading heads, reveals that investment managers have reduced their US commission pool by 42 percent since peaks in 2015. The study reveals that the unbundling of research and c...