When ‘cheaper’ trading costs can lead to more expense

The cost of trading equities in Europe has come down as trading venues have proliferated, but life has not necessarily improved for asset managers looking to manage their trading costs.

MiFID has reduced trading costs, but added back in a lot of indirect costs in terms of complexity and the investment in technology needed to access the new venues.

OXERA: Press Release, 16.7.09: Oxera trading and post-trading price monitoring study published http://www.oxera.com/main.aspx?id=8318

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