While efforts to create a consolidated tape tend to dominate recent market structure conversations, regulators and market participants also stress the urgent need to improve data standards
IFLR s latest explainer looks at the complexities of one of Mifid II’s most controversial concepts as well as its future in a post-Brexit trading landscape
<p><span>Post the widely anticipated MiFID II/ MIFIR published by the EU Commission in November, and despite industry hopes, there is likely to be minimal convergence between EU and UK rulebooks to smooth the risk of liquidity fragmentation and mitigate unnecessary operational complexity. While on the surface little appears to have changed, gradual shifts are occurring which could lead to very different trading environments in which to operate.</span></p>
IFLR's latest explainer looks at the complexities of one of Mifid II’s most controversial concepts as well as its future in a post-Brexit trading landscape