Esma Panel: Arrival of Mifid II will be “Like Christmas”

Esma conference panelists discuss how the trading and market infrastructure will be affected by incoming regulatory changes.

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“Although it might not feel like it today, January 3 will be Christmas for our customers given the opportunities for greater competition and increased transparency." Xavier Rolet, London Stock Exchange Group.

New levels of market transparency under Mifid II will be like a late Christmas present for the industry, according to panelists at Esma’s The State of the European Financial Markets conference in Paris.

Discussion around the trading and market infrastructure was unsurprisingly dominated by the upcoming regulatory regime, which was confirmed for implementation on January 3 next year by European Commission vice president, Valdis Dombrovskis, earlier in the day.

“Although it might not feel like

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