Managers need to take more action on MiFID II

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Matt Smith, chief executive officer of SteelEye
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Matt Smith, chief executive officer of SteelEye

MiFID II has been talked about far and wide for its impact on banks, brokers and analysts.

The 30,000 page, 1.5 million paragraph-long document, which came into force on 3 January this year, marked an overhaul of the way stock, bond, commodity and derivative markets trade and invest across the entire EU, in an attempt to make the market fairer and more transparent.  FCA receives more than 1,500 MiFID II queries in six months However, the regulation has also had an indirect impact on a number of other players, including fund managers, and it has been quite profound. Many managers were not prepared adequately for MiFID II's arrival, and, nearly a year in, some firms are final...

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