The Impact of MiFID II/MiFIR on European Market Structure: A Survey among Market Experts

This study presents the views of leading financial market experts concerning the impact of MiFID II/MiFIR on the European market structure and the future relative importance of different types of trading venues and over-the-counter (OTC) trading. In an online questionnaire among experts on trading a...

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Bibliographic Details
Published inJournal of Trading Vol. 13; no. 2; pp. 35 - 46
Main Authors Gomber, Peter, Clapham, Benjamin, Lausen, Jens, Panz, Sven
Format Journal Article Trade Publication Article
LanguageEnglish
Published New York Pageant Media 01.04.2018
Subjects
Dark pool trading
Equity
EU membership
International finance
Market shares
Questionnaires
Regulation of financial institutions
Transparency
Waivers
Germany
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Summary:This study presents the views of leading financial market experts concerning the impact of MiFID II/MiFIR on the European market structure and the future relative importance of different types of trading venues and over-the-counter (OTC) trading. In an online questionnaire among experts on trading and/or market structure, 111 respondents shared their opinions concerning the impact of the MiFIR trading obligation, dark pool volume caps, the new trading venue category organized trading facility (OTF) for non-equities, and the impact of Brexit.
ISSN:1559-3967
2168-8427
DOI:10.3905/jot.2018.13.2.035