As FIA Europe’s chief executive officer, Simon Puleston Jones, stated recently, the implementation of EMIR will look like a ‘walk in the park’ when MiFID II/MiFIR kicks in. Just four weeks after the InfoNet event reported on in this issue, the industry got a feel of quite how complex the process of implementing this directive and its accompanying regulation really would be. In this issue we look at:
- Best execution
- Algorithmic trading/HFT
- Will exchanges restrict access to their trading platforms and would this be good for competition?
- Open access - the impact on choice of execution venue; the need for 'smart' clearing
- Effects on liquidity
- Dark pools
- How will capping trading affect derivatives OTFs?
