The New Landscape - How MiFID Drives Changes Among European Execution Venues

Posted: 20 May 2008 Last revised: 21 May 2008

See all articles by Michael Chlistalla

Michael Chlistalla

Goethe University Frankfurt Faculty of Economics and Business Administration

Peter Gomber

Goethe University Frankfurt Faculty of Economics and Business Administration

Sven S. Groth

Goethe University Frankfurt Faculty of Economics and Business Administration

Abstract

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

Suggested Citation

Chlistalla, Michael and Gomber, Peter and Groth, Sven Sören, The New Landscape - How MiFID Drives Changes Among European Execution Venues. Available at SSRN: https://ssrn.com/abstract=1134765

Michael Chlistalla (Contact Author)

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=686

Peter Gomber

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=478

Sven Sören Groth

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=708

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