{"id":5513,"date":"2017-04-15T00:33:45","date_gmt":"2017-04-14T15:33:45","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=5513"},"modified":"2017-04-14T13:08:46","modified_gmt":"2017-04-14T04:08:46","slug":"institutional-investor-april-13","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=5513","title":{"rendered":"Institutional Investor (April 13)"},"content":{"rendered":"<p>\u201cThe sell side doesn\u2019t quite get it yet,\u201d but a major shift will soon transform their very existence. With Phase two of the EU\u2019s Markets in Financial Instruments Directive (MiFID) scheduled to take effect in January, broker-dealers must \u201cexplicitly 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\u2026.and, in time, the U.S. and everywhere else.\u201d\u00a0Current predictions are that by 2020 global research volume will decrease by around 25% to 60%&#8230; or even more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe sell side doesn\u2019t quite get it yet,\u201d but a major shift will soon transform their very existence. With Phase two of the EU\u2019s Markets in Financial Instruments Directive (MiFID) scheduled to take effect in January, broker-dealers must \u201cexplicitly price a dark art whose cost was previously wrapped into trading commissions (on equity products) or [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1173,227,94,6746,656,3725,4095,6747,8,118,2408],"class_list":["post-5513","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-analysts","tag-broker-dealers","tag-eu","tag-mifid","tag-research","tag-sell-side","tag-spread","tag-trading-commissions","tag-u-s","tag-uk","tag-volume"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/5513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5513"}],"version-history":[{"count":2,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/5513\/revisions"}],"predecessor-version":[{"id":5515,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/5513\/revisions\/5515"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}