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Oct 08, 2014

MiFID II: The Regulation of Market Makers

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MiFID II introduces new laws addressing various structural and other issues relating to the operation of trading venues. Market making activity on such venues will now be subject to extensive regulation. This includes a commitment by the market maker to the trading venue to make available prices for particular minimum times and to abide by various related systems and controls obligations. Trading venues will also be required to have agreements with their market makers and to ensure that any incentive arrangements are fair and non-discriminatory. There are new rules that will apply to market makers that use algorithmic trading, including high frequency trading strategies.

View full memo, MiFID II: The Regulation of Market Makers

Authors and Contributors

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Matthew Readings

Partner

Antitrust

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+44 20 7655 5937

+32 2 500 9866

+32 2 500 9866

London

Pierre-Nicolas Ferrand

Partner

Finance

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+33 1 53 89 71 77

Paris

Tobia Croff

Partner

Capital Markets

+39 02 0064 1509

+39 02 0064 1509

+39 06 697 679 209

+39 06 697 679 209

Milan

Kolja Stehl

Counsel

Financial Institutions Advisory & Financial Regulatory

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+44 20 7655 5864

+49 69 9711 1623

+49 69 9711 1623

London

John Adams

Partner

Investment Funds

+44 20 7655 5740

+44 20 7655 5740

London

Ellerina Teo

Senior Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5070

+44 20 7655 5070

London

Oliver Linch

Senior Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5715

+44 20 7655 5715

London