RSS Feed

Calendar

March 2024
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Search

Tag Cloud

Archives

Institutional Investor (April 13)

2017/ 04/ 15 by jd in Global News

“The sell side doesn’t quite get it yet,” but a major shift will soon transform their very existence. With Phase two of the EU’s Markets in Financial Instruments Directive (MiFID) scheduled to take effect in January, broker-dealers must “explicitly price a dark art whose cost was previously wrapped into trading commissions (on equity products) or spread (on fixed income). And that, in turn, could put a lot of analysts out of work in Europe, the U.K….and, in time, the U.S. and everywhere else.” Current predictions are that by 2020 global research volume will decrease by around 25% to 60%… or even more.

 

[archive]