MiFID could kill LSE, says LogicaCMG

The suggestion comes in a report from financial markets analyst Graham Bishop, commissioned by LogicaCMG, which suggests there are three possible industry scenarios after 1 November next year - when MiFID comes into effect – all of which rest on the development of so-called systematic internalisers. As the regulations would allow larger financial services groups to match client buy and sell orders internally without being forced to go through a recognised exchange such as the LSE, the question now is to what extent internalisation may take place, the report warns. In the first scenario,...