20 July 2010
White Paper: The Missoni Tapes: Navigating Post-MiFID Liquidity - What the Buy Side Really Thinks
Fidessa recently hosted an evening event at the Hotel Missoni in Edinburgh where a number of institutional buy-sides participated in some direct conversations with some key industry practitioners. A range of issues were discussed, including the level of fragmentation in the European equity markets, the value of MiFID for the buy-side, consolidated tape, what the buy-side really thinks about the SOR capabilities of its brokers, and why you’ll probably only get a prawn sandwich if you have lunch at Chi-X Europe.
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4 Comments to "The Missoni Tapes: Navigating Post-MiFID Liquidity - What the Buy Side Really Thinks":
peroniriserva63
21 July 2010
Frankly MIFID hasnt made much difference to my life. Unless you are obsessed with metrics which homogenizes execution and makes traders indifferent to actually adding value to the investment decision The seeking out of liquidity is a more protracted process but ultimately (aside from the parasitic elements) theres a buyer and a seller who need to find each other and generally they do.
Comments (15)
steveg
21 July 2010
Well I'm glad you're not managing my retirement fund ! Willing buyers and willing sellers will only find each other if they are in the same venue. Since the introduction of MiFID willing buyers and sellers are now located across a multitude of different venues. Without knowing the true picture of liquidity across all venues you simply won't find the best price to trade at.
Comments (12)
peroniriserva63
21 July 2010
I get by
Comments (15)
peroniriserva63
21 July 2010
The equity game has never been a level playing field. Top tier houses have always had an advantage and in the current environment with sell side desks screaming for turnover you can pretty much get whatever you need done.
Comments (15)