Citadel Securities Sees Risks in EU's MiFid II Overhaul

The transcript discusses the concerns and expectations surrounding the implementation of new trading venue rules, comparing the US and European markets. It highlights the risks of not achieving the expected market shifts and benefits, such as competitive pricing and transparency. The impact on clients, particularly in terms of costs, is a major concern. The timing of the implementation is debated, with insights from the US experience suggesting it is not too soon.

In what ways might the implementation of electronic trading differ for liquid benchmark products versus more complex structured products?

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What is the significance of operational readiness in the context of implementing new trading regulations?

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