TABB Group, the international research and consulting firm focused on capital markets and financial technology, has announced marked growth in its European operations and the establishment of new office space in the City of London. As the final countdown to MiFID II begins, TABB’s new UK office enables the firm to expand its reach in Europe and provide high-touch local client support to meet evolving customer and industry requirements.
For more than a decade, TABB has examined the impact and challenges associated with MiFID and other regulatory initiatives that affect global market participants. By listening to and engaging with the industry, TABB has been able to translate the firm’s deep industry knowledge into practical application to help clients navigate the tremendous changes sweeping Europe and understand what those events mean for their businesses.
“Our impressive European growth is a direct result of the fact that securities and investment firms recognize they need superior advisory services in the era of MiFID II. We’re proud that this demand has led to a significant uptick in activity for both TABB Group and TABB Forum,” said Monica Summerville, head of European research, TABB Group. “More than 35,000 members consistently turn to TABB Forum to participate in vital industry discussions. MiFID II continues to be one of the most popular and critical topics among our clients and Forum community, and our new UK office enhances our ability to meet their need for high-value and timely research, insight and consultancy.”
Adding to its library of MiFID commentary and research, TABB Group recently conducted in-depth interviews with 20 buy-side heads of European equity trading to examine the systemic internaliser regime in relation to MiFID II. The report, “MiFID II’s SI regime: A New Liquidity Source in Europe’s Equity Market,” is now available and explores prospective systemic internaliser (SI) operators, the models they will adopt, and expected usage of the regime. Among other key findings, report highlights include:
- Up to 20 equity SIs will be registered when MiFID II goes into effect, but only a handful will offer competitive prices
- Three-quarters of buyside firms expect to trade via SIs from the start of MiFID II albeit in a tentative fashion, or are happy to leave that decision to their brokers
- SI use will not be a way to avoid trade reporting obligations: Over two-thirds of the buyside institutions TABB spoke with are building the capability to trade report themselves