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Impact of MiFID III on proprietary trading firms
With all the chatter about MiFID III potentially coming down the pipeline, especially regarding enhanced transparency requirements and best execution principles, I'm wondering how others are thinking about its impact on prop shops operating within the EU. Specifically, what's the general sentiment on potential changes to internal matching engines and how we might need to adapt our execution strategies to remain compliant without significantly impacting latency or P&L? Are firms already stress-testing scenarios or just keeping a watchful eye on draft regulations?
1 comments · 5 points
This is a really interesting point. I'm new to a prop firm, and the idea of MiFID III changing internal matching engines sounds pretty complex. Are there any examples from past regulatory changes that could give us a hint as to what kind of adaptations might be needed?