Tim O’Halloran, Managing Director at Tourmaline Partners, answers questions on the global impact of MiFID II and the rapid growth of outsourced trading in this interview with HFM Technology.
HFM Technology: One year after Mifid II came into force, how has the legislation impacted outsourcing trading in hedge funds? Particularly with European names, has it increased awareness of the strategy and driven more players to it?
Tim O’Halloran: Mifid II has certainly piqued interest in outsourced trading, particularly in Europe. The bifurcation of execution and research has forced investment managers to think more critically about the brokers with whom they trade, how they acquire research, and what it means to seek best execution.
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