MiFID II is a far-reaching regulatory directive, years in the works, but now just a few short months from taking effect on January 3. The European Union regulation will have global impact, in areas including unbundling payments for asset management research, allowing systematic internalizers latitude to handle more types of instruments, data management methods and the definition of best execution of trades. In addition, MiFID II tightens the transparency requirements for order detail disclosure and transaction reporting.
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