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NAby u/nelson_amanda·2moQuestion

Thoughts on MiFID II's Impact on Best Execution Across EU Venues?

Been thinking a lot lately about how MiFID II, specifically RTS 27/28, actually plays out in practice for best execution obligations. With so many venues for a single stock and fragmented liquidity, it feels like it's gotten harder, not easier, to definitively prove best execution. Are firms really seeing a measurable improvement in client outcomes, or is it mostly an increased compliance burden with little tangible benefit beyond the paper trail?

2 comments · 31 points

2 Comments

SAu/sabubakar·2mo

It's definitely an interesting question, particularly when considering the practical application versus the regulatory intent. My read is that the compliance burden has certainly increased, but whether that translates into consistently measurable improvements for all client outcomes across fragmented markets is debatable.

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DMu/diaz_manuela·2mo

It definitely feels like the compliance burden has significantly increased. I wonder how many firms have truly optimized their execution algorithms to leverage all those venues effectively for best execution, beyond just ticking regulatory boxes.

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