Saying their markets are the Wild West may be an understatement.
Corporate bond liquidity may spur the regulator to act.
Closer to MiFID II the industry gets, the more of a buyer's market it becomes.
Industry awaits regulator's conclusions.
Regulatory uncertainty keeps manual processes in place.
Aspects of the rule may create logistical headaches for investment firms.
Little of the original rule will survive the announced 18-month extension.
Systematic internalisers could handle a sizable proportion of European equity trading.
Dearth of board-level experience hampers cybersecurity planning and rollout.