Agency broker says MiFID II ups the ante on sourcing high-quality liquidity.
MiFID II has more stringent requirements for market abuse monitoring.
Clients in US and Asia also want more transparency.
13 systematic internalisers received market identifier codes last month.
Clarus suggests ESMA recalibrate reporting thresholds.
In total 26 different vendors have connected to TRADEcho.
Many asset managers will absorb research costs under MiFID II.
MiFID II requires fund managers to track consumption and quality of research.
MiFID II introduces post-trade transparency reports for OTC trades.