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Systematic Internalisers (SIs)
A Systematic Internaliser (SI) is an investment firm which, on an organised, frequent and systematic basis, deals on its own account by executing customer order flow in liquid shares outside a Regulated Market or a Multilateral Trading Facility.
Specifically, MiFID requires an SI to publish firm buy and sell prices up to standard market size. SI’s will have to honour their prices and will not be able to improve the price when dealing in retail size or with retail clients.
The following investment firms will be Systematic Internalisers:
Please click on the firm name above to read their price improvement policy.
