Single-dealer platforms win in Mifid forex shake-up

Best execution rules not driving liquidity away from sole dealer platforms as expected

Single-dealer platforms win out
Infopro Digital montage

Mifid II, the new legislation overhauling financial markets in Europe, has shifted a large chunk of foreign exchange derivatives trading to electronic platforms. This much the industry predicted in the build-up to the regime’s January 3 launch.

What the industry did not predict was that the main beneficiaries would be platforms operated by sole dealers.

Received wisdom held that the lion’s share of new volumes would go to multi-dealer platforms, owing to their supposed advantage in ‘best execu

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: