Liquidity Landscape Q4 2021

Post the widely anticipated MiFID II/R published by the EU Commission in November, and despite industry hopes, there is likely to be minimal convergence between EU and UK rulebooks to smooth the risk of liquidity fragmentation and mitigate unnecessary operational complexity. While on the surface little appears to have changed, gradual shifts are occurring which could lead to very different trading environments in which to operate. One year on post-Brexit, here’s what we have learned.

The report has been compiled by Gareth Exton and Joe Fields from Liquidnet's Execution + Quantitative Services team, in partnership with Rebecca Healey, Redlap Consulting.