Unbundling Research: Canary in the Coalmine
Critics claim that unbundling research from execution will negatively impact research provision, particularly small and mid-cap companies, threatening listings and secondary trading volumes in Europe as a result. Proponents believe this offers an opportunity to open up the research market and challenge the status quo regarding the implementation and execution of investment ideas. As the first year of MiFID II draws to a close, we spoke to 62 market participants in a variety of roles... Read more