Schedule 2: Transitional amendments Part 1 – Amendments to the Markets in Financial Instruments Regulation Paragraph 9: Systematic Internalisers (midpoint crossing)
This paragraph of the Schedule removes the reference to ‘large in scale’ in Article 17a of MiFIR, which currently restricts systematic internalisers from crossing at the midpoint within the best bid and offer to trades that are ‘large in scale’. Removing the reference to ‘large in scale’ will allow systematic internalisers to execute client orders at the midpoint within the best bid and offer for all trades.