Traders wary of censure for being a ‘few bips out’
Mifid II best execution requirements intrusive and painful, say asset managers at Buy-Side Risk Europe 2017
Traders are concerned they will be penalised under incoming best execution rules if the price of a trade is out by a couple of basis points, panellists said in a discussion at the Buy-Side Risk Europe 2017 conference in London this week.
The second Markets in Financial Instruments Directive (Mifid II) and Markets in Financial Instruments Regulation (Mifir) will apply in the European Union from January 2018. Under the first iteration of Mifid, firms made their best execution policies publicly
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