Dealer-run platforms face hard choices under Mifid II

MTF, OTF or SI: three options, but none that banks like

no-entry2
No access: some platforms might have to reinvent themselves to stay in the market

For the best part of two decades, the single-dealer platform (SDP) has been a key strategic plank for Barclays, Deutsche Bank and others – a funnel designed to increase customer stickiness and flows, while also boosting margins. Simply maintaining them can consume several millions of dollars a year, according to people in the know, but it has largely seemed like money well spent. Now, the platforms' owners have some tough decisions to make.

Europe's incoming trading and transparency rules

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 individual account here: