Aims: This study examines how MiFID II/MiFIR have reshaped transaction costs and competitive dynamics in European financial market infrastructures by analyzing the structural interactions among trading activity, market economics, operational intensity, and cost formation. It furt...
Open access
Research Article10.9734/jemt/2025/v31i121377
Aims: This study examines how the implementation of MiFID II and MiFIR has impacted transaction costs, infrastructure operations, and competitive dynamics within European financial market infrastructures. Grounded in Transaction Cost Economics (TCE), the research explores how ins...
Open access
Research Article10.9734/jemt/2025/v31i111368
Aims: This study examines the impact of financial market regulations, specifically MiFIR and MiFID II, on transaction costs and competitive positioning within European financial market infrastructures. The research evaluates the extent to which regulatory interventions influence...
Open access
Research Article10.9734/jemt/2025/v31i101358
Aims: This study aims to systematically explore how Transaction Cost Economics (TCE) has been applied to Financial Market Infrastructures (FMI) – including clearing, settlement, and custody services. It seeks to identify theoretical gaps, assess empirical applications, and provid...
Open access
Research Article10.9734/jemt/2025/v31i91351