Buy-side Perspectives Issue 3 - Page 4

Equities The buy-side indicated a number of key concerns in our recent Nordic ATF in Copenhagen and Stockholm in March. Many of these related to regulation, including unbundling, trade reporting, best execution, and the future of dark pools. Restrictions on dark trading under MiFID II may make it more difficult to trade small and mid-cap stocks. Other key points related to technology include the need for actionable TCA and the rising perception that the human trader is only necessary where value is added. Where TCA may once have been a