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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

From an EU perspective, the European Securities and Markets Authority (ESMA) re-addressed its tick size regime in 2018 to combat concerns that Brexit will leave trading venues in the EU at a competitive disadvantage. According to 606 reports gathered by the SEC, Citadel Securities forked out $2.6

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The 20 greatest trading innovations

The TRADE

The quasi-dark venues properly took off in 2018 with the introduction of Mifid II and greater restrictions on dark trading. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange. They can simply track an index or they can be made up of a custom basket of stocks.

Trading 118
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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Mifid’s legacy continues to shape regulatory frameworks and market dynamics, alongside laying the groundwork for subsequent regulatory initiatives such as Mifid II… Mifid II: Next up is the revised Markets in Financial Instruments Directive, Mifid II, which was implemented in January 2018 as an overhaul of its predecessor, Mifid I.