The final draft of the European Commission’s proposed revisions to MiFID will impose new restrictions on high-frequency trading, confirm a ban organised trading facilities from crossing against prop ...

Some believe that MiFID II will also lead to more algorithmic trading in fixed income. When you have to increasingly demonstrate to regulators and others that you are achieving best execution, you ...

Over the last year, buy-side traders continued shifting modest but meaningful amounts of trading business from traditional high-touch trades to algorithmic trading. In Europe, buy-side traders are now ...

Buyside firms are using AI to enhance investment analysis and efficiency, though not yet for execution decisions. Meanwhile, ...

The definition of algorithmic trading under MiFID II is extremely broad, essentially capturing any functionality that determines any parameter of an order automatically.

But MiFID II is pretty vague about what goes on under the covers, stating that compliance staff must “have at least a general understanding of the way in which the firm’s algorithmic trading ...

Speaking The TRADE for its Q2 issue ahead of yesterday’s Council decision, Owain Self, global head of algorithmic trading for UBS, said a good outcome would be an OTF regime that provides clear ...

January 10, 2012 "European Securities and Markets Authority Publishes New Guidelines to Apply From May 2012 for Regulation of Automated and Algorithmic Trading in the EU" ...

This memorandum discusses the regulation of market making under the new Markets in Financial Instruments Directive (“MiFID II”)1 and the Markets in Financial Instruments Regulation (“MiFIR”)2.

The review of the Markets in Financial Instruments Directive (Mifid II) will require firms engaged in algorithmic trading to be able to stress test their platforms by simulating two times the highest ...

This article is for subscribers only. Here’s another quirk from the early days of MiFID II: algorithmic traders like Virtu Financial Inc. are deliberately opting not to use a pricing advantage.