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Lecture notes in business information processing
The MiFIR Trading Obligation: Impact on Trading Volume and Liquidity in Electronic Trading
Peter Gomber, Benjamin Clapham, Jens Lausen, Sven Panz

Paper Summary

The MiFIR trading obligation in Europe aims to shift more trading from OTC to regulated venues like SIs. Scenario analysis shows that this shift could increase liquidity on lit markets, but it could also have negative effects on price discovery.

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