Nordvig Says Banks Are Confused About MiFID

The video discusses the impact of MiFID on market dynamics, focusing on the shift from traditional Wall Street practices to a more individualistic approach among analysts. It highlights the uncertainty in pricing research packages due to unclear regulations and the challenges faced by investment banks with non-premium research departments. The importance of high-quality research and unique content is emphasized, along with the evolving payment models for research services.

What is the main challenge banks face regarding research pricing?

• Understanding customer needs

• Setting prices without clear regulatory guidelines

• Competing with Wall Street

• Hiring top analysts

Which type of investment bank is likely to struggle the most in the current research landscape?

• Banks with top-class research departments

• Banks with strong regulatory ties

• Banks with large marketing teams

• Banks with subpar research departments

What is emphasized as crucial for maintaining a research operation?

• Frequent market reports

• Strong customer relationships

• Large research teams

• High-quality research

How can research content stand out in the market?

• By having the largest team

• By being the most frequent

• By having unique data and perspectives

• By being the cheapest

What is a key factor for getting paid in the research market?

• Providing unique content

• Offering free trials

• Having a large number of reports

• Having a strong social media presence