What will MiFID II do to improve pre- and post-trade transparency?

Anne PlestedThe second in my series of PMQs looks at the key aspects of pre- and post-trade transparency covered in the EC’s Public Consultation paper on the Review of MiFID.

The lack of reliable price information potentially increases the cost for investors to operate in the market. It can also discourage trading in a particular instrument with a consequent impact on liquidity. The ability to identify counterparties with the opposite trading interest is also crucial in keeping trading costs down and achieving the best trading outcome.

The Consultation Paper outlines a number of key areas, for which market feedback was required, around improving transparency for all market participants. These include pre- and post-trade transparency for equity and non-equity markets, trade transparency for shares traded on MTFs/OTFs and transparency around OTC trading in non-equity instruments.

Click here to read my summary of the likely impact of the new regulation in this important area.

If you have your own interpretation, or any views you’d like to share, please do leave a comment!

Coming soon on PMQs: Data consolidation.

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