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 suggested about the demand for high-quality research in the future?

What is necessary for research to be considered unique and valuable according to the text?