Now trades matched between two counterparties can be cleared directly.
Now trades matched between two counterparties can be cleared directly.
Clearing allows market makers to use their balance sheet more efficiently.
US and European authorities redefine time in financial markets.
MiFID II has stricter rules on data collection and proof of best execution.
Block trading is due to become more valuable under MiFID II.
Market participants risk getting bogged down in the bountiful detail of the regulation.
Virtu Financial will register as a MiFID II Systematic Internaliser.
Managers and asset owners look for more transparency, cost savings.
But, sourcing liquidity remains the biggest challenge.
