Forefront Communications

TabbFORUM: Eighteen Months In, MiFID II’s Impact on Research and Execution Is Felt Far and Wide

Sam Belden

Sam Belden

With the COVID-19 pandemic and the record volumes and volatility that came with it still fresh in our minds, it feels like a natural time to look back on the last time the financial services industry faced wholesale disruption. A year and a half ago this month, MiFID II was implemented by the European Union, and the wider world has been dealing with the fallout ever since.

As most capital markets professionals are well aware, MiFID II is a sweeping, multifaceted overhaul of the European financial services industry. Its requirements of best execution and the resultant unbundling of investment research from execution services have had a particularly significant impact. These shifts accelerated ongoing trends and sparked new ones, in many ways providing the framework for the industry as it exists today.

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