Abstract
With RegNMS in the US and MiFID in the EU, regulators respond to recent years' changes in trading concepts and infrastructures. Both try to catch up with technological advances and intend to create a level playing field between the different types of trading venues and a harmonisation in the order execution process. The paper illustrates and analyses the regulatory environments and the impact of their upcoming changes on ECNs and MTFs with a specific focus on Europe. Scenarios will be developed on how the regulatory overhauls will alter the competitive landscape between Regulated Markets, ECNs/MTFs and order flow internalising entities.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
