IDEAS home Printed from https://ideas.repec.org/a/aza/jsoc00/y2016v8i3p218-227.html
   My bibliography  Save this article

Clarifying MiFID II: Pre-trade transparency for non-equities

Author

Listed:
  • Morad, Miranda
  • Waight, Jason

Abstract

The European credit markets are experiencing unprecedented market structure changes due in part to wide-reaching regulations. The Markets in Financial Instruments Directive (MiFID) II will bring new levels of pre- and post-trade transparency for non-equities as well as an increased scope of transaction reporting for all market participants. These changes will impact all areas of the trading life cycle, encompassing sales, trading, research and operations, and will have implications across the market including both investor and dealer firms. Miranda Morad, General Counsel, and Jason Waight, Head of Regulatory Affairs & Business Management, MarketAxess Europe and Trax, provide expert commentary on how these changes will potentially impact the European fixed income markets. Based on data from MarketAxess and Trax, the market data analysis conducted offers a truly unique view of the impact of regulatory change. Trax, a subsidiary of MarketAxess, estimates that it processes approximately 65 per cent of all fixed income transactions in Europe as part of its post-trade service offering.

Suggested Citation

  • Morad, Miranda & Waight, Jason, 2016. "Clarifying MiFID II: Pre-trade transparency for non-equities," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 8(3), pages 218-227, August.
    • Handle: RePEc:aza:jsoc00:y:2016:v:8:i:3:p:218-227
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/267/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/267/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    MiFID II; transparency; trade reporting; transaction reporting;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jsoc00:y:2016:v:8:i:3:p:218-227. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.