MiFID Pre-Trade Transparency Rules: An Investor's Perspective

The Journal of Trading Spring 2008, 3 (2) 8 - 17 In this article, EDHEC emphasises an important issue that is probably not the expected outcome of MiFID. Even though we recognise that the intentions of the Directive are clearly both to ensure market integrity and protect end investors, we have serious concerns about the results one can expect fr...
Author(s)
Catherine D'Hondt, Jean-René Giraud

The Journal of Trading Spring 2008, 3 (2) 8 - 17

In this article, EDHEC emphasises an important issue that is probably not the expected outcome of MiFID. Even though we recognise that the intentions of the Directive are clearly both to ensure market integrity and protect end investors, we have serious concerns about the results one can expect from the newly introduced requirements related to pre-trade transparency.

Keywords: Exchanges/markets/clearinghouses, statistical methods

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