Only 6% of asset managers have said they are ready to meet MiFID II's best execution requirements but action has been taken with over a quarter investing in technology, and a third planning to make changes to trading workflow, according to a survey carried out by Liquidnet.
The trading network has published the study Re-Engineering Best Execution in which it interviewed 55 heads or trading and dealing at asset management firms across North America and Europe. It found just 6% are ready to meet best execution requirements just four months away from the 1 January 2018 MiFID II deadline. 61% said they needed to provide more granular detail to their policies, with a third planning to make changes to trading workflow and over a quarter specifically investing in technology to ensure a more systematic approach to best execution. FCA unveils tougher research pay...
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