{'fraction_non_alphanumeric': 0.01951219512195122, 'fraction_numerical': 0.0065040650406504065, 'mean_word_length': 4.310344827586207, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
MiFID and Systematic Internalization

MiFID is a new directive issued by the European commission. It was introduced by the end of November 2007. This whitepaper looks at the implications of MiFID on Systematic Internalizers (SI). The paper explores the impacts that an investment firm wishing to be an SI will have to take care of. Positive and negative effects of being an SI under MiFID are discussed. The paper also explores the functional and technological changes a firm will have to make in order to be an SI. For a firm wishing to look at other options vis-a-vis SI, comparisons have been added in the paper.