|Practice area:||Finance | Financial markets and Institutions|
|Client:||City of London Corporation|
|Keywords:||quantitative analysis stakeholder surveys and consultations|
Since its EU-wide implementation in November 2007, MiFID has significantly modified the environment and structure of secondary market equity trading in Europe. For this research, London Economics conducted empirical analysis and stakeholder interviews to clarify whether as a result of MiFID: the expected benefits on the integration of EU financial markets have materialised; whether national liquidity pools have been broken down, and whether pan-European trading has grown more than it would have in the absence of MiFID, using their 2002 report to the European Commission as a baseline.