In the months following the implementation of MiFID II, we have seen and will continue to see a number of Systematic Internalisers (SIs) appear on the market - some of their own volition, some following ESMA's publication of benchmark data and thresholds. What we have seen is that many of these SIs started off by just barely complying with the rules, finding often sub-optimal workarounds to conduct their business as usual.

But now that the dust has settled, we expect to enter into a much more interesting phase, where existing SIs and firms entering the SI space actually start to leverage technology to improve workflows, increase automation, and ultimately create more business value for themselves and their customers.

Jonas Lindqvist, Principal Trading and Trade Execution at Itiviti, explains more in the latest video episode of our SI series.

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