MiFID II: Changing Our Conception of An Equity Market

The research note, “MiFID II: Changing Our Conception of An Equity Market” documents the current European equity market structure, its current market share, how the MiFID II directives will alter the current landscape, the rules surrounding systematic internalizers, how SIs and market makers’ quote, the technology needed to manage quote streams, the impact of these rules on exchanges, brokers, and investors and the opportunity that this gap will create and the problems that will ensue. It also discusses how this new market structure compares with other similar markets such as the US Equity, Foreign Exchange and Fixed Income markets.