By David Calligan Karen Butler King & Wood Mallesons’ London office.
Introduction
MiFID II will significantly increase the regulation of almost all types of secondary market trading activities and functions. It will introduce a new multilateral trading venue, known as an Organised Trading Facility (OTF) and extend the bilateral Systematic Internaliser (SI) regime beyond equity instruments to certain investment firms that trade in bonds, derivatives and equity-like instruments.
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