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The FCA’s recently published final MiFID II rules for commission payments have provided
enough clarity that firms should be able to meet the January 2018 deadline, research
experts have agreed.
Industry reactions to the final policy statement have suggested with no major changes
to the rules, the separation of execution and research services will be implemented successfully across the buy- and sell-side.
Final MiFID II unbundling rules
leave no excuse for delay
MiFID II’s unbundling rules will see brokers battle to capture a share of the $1.35 billion a
year equity research and advisory market in Europe, according to research.
Greenwich Associates’ latest study revealed European institutional equity investors
generated roughly $2.9 billion in cash equity commissions for the 12 months ended Q2
Brokers in battle for $1.35 billion
research wallet post-MiFID II
New research has revealed a third of asset managers plan to adjust their broker lists prior
to MiFID II’s January deadline.
A survey of firms carried out by Liquidnet found 70% are also currently reviewing new
liquidity providers outside of their traditional broker relationships.
Third of buy-side to adjust
broker lists ahead of MiFID II