PT - JOURNAL ARTICLE AU - Michael Chlistalla AU - Peter Gomber AU - Sven S. Groth TI - The New Landscape AID - 10.3905/jot.2007.694830 DP - 2007 Sep 30 TA - The Journal of Trading PG - 69--79 VI - 2 IP - 4 4099 - https://pm-research.com/content/2/4/69.short 4100 - https://pm-research.com/content/2/4/69.full AB - The Markets in Financial Instruments Directive (MiFID) is the new regulatory framework for investment services in the European Economic Area (EEA) and has to be applied by investment firms and Regulated Markets in Europe from November 1st 2007. It is expected to trigger fundamental changes in the European trading landscape. The article outlines a framework that serves to classify new initiatives in equities trading. This framework is then applied to present recent initiatives by established exchanges or investment firms that are based on the new opportunities provided by MiFID in the context of multilateral trading and internalisation.TOPICS: Developed, fundamental equity analysis, exchanges/markets/clearinghouses