Buy Side Questions Value of MiFID II Cost Transparency Data
“It is a competitive marketplace and, in my experience, professional traders are quite capable of trading at a market price that is fairly independent of a specific dealer’s cost structure.”
In an age where everybody in finance seems to be striving for an information edge, you would expect buy-side firms to welcome rules requiring banks to disclose all of the charges and profit margins embedded in derivatives quotes, since these details could surely be used as a weapon to play banks off against each other and drive down prices.
You would also be wrong. Inside Data Management stablemate Risk.net found very little support for the new derivatives cost disclosure requirements in the
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