The New Landscape - How MiFID Drives Changes Among European Execution Venues
Posted: 20 May 2008 Last revised: 21 May 2008
The Markets in Financial Instruments Directive (MiFID) is the new regulatory framework for investment services in the European Economic Area (EEA) and has to be applied by investment firms and Regulated Markets in Europe from November 1st 2007. It is expected to trigger fundamental changes in the European trading landscape. The paper outlines a framework that serves to classify new initiatives in equities trading. This framework is then applied to present recent initiatives by established exchanges or investment firms that are based on the new opportunities provided by MiFID in the context of multilateral trading and internalisation.
Keywords: MiFID, Securities Markets Regulation, Internalisation
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